Planet Labs entered December on a high note with the successful launch of two AI-enabled, high-resolution imagery satellites, Pelican-5 and Pelican-6. These satellites expand the company’s capacity for rapid Earth observation and provide enhanced data for defense and commercial clients. Within two weeks of deployment, Pelican-6 delivered clear imagery of remote infrastructure, demonstrating improved onboard AI processing and pointing accuracy compared with earlier platforms.

In its latest quarterly report, Planet Labs reported revenue of $81 million, marking a 33% year-over-year increase and significantly exceeding the consensus forecast of $72 million. The company also narrowed its GAAP net loss to under $1 million, compared with an $8+ million deficit in the prior-year period. Management credited this performance to strong demand from defense-sector contracts and continued growth in commercial imaging services.

Following the quarterly results, several analysts revised their outlooks on Planet Labs. Citi initiated coverage with a buy rating, highlighting the company’s strengthened position in AI-enhanced satellite imaging for government and defense applications. Morgan Stanley analysts also increased their fair value assessment substantially, noting that multi-year contracts and expanding high-resolution offerings underscore the success of Planet Labs’ pivot toward higher-margin, specialized services.