Planet Labs partners with Carbon Mapper for new satellite development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy PL?
Source: seekingalpha
Planet Labs' stock rose by 5.02% as it crossed above the 5-day SMA, reflecting positive investor sentiment following the announcement of a new satellite collaboration.
The company has signed an agreement with Carbon Mapper and NASA's Jet Propulsion Laboratory to develop an advanced version of the Tanager satellite, which will enhance methane and trace gas detection capabilities. This initiative is expected to significantly improve environmental monitoring applications and is slated for launch in 2028, indicating a strong strategic positioning for Planet Labs in the growing environmental sector.
This collaboration not only showcases Planet Labs' commitment to innovation but also aligns with the increasing market demand for advanced environmental monitoring solutions, potentially driving future growth and investor confidence.
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Analyst Views on PL
Wall Street analysts forecast PL stock price to fall
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 39.040
Low
12.30
Averages
18.93
High
22.00
Current: 39.040
Low
12.30
Averages
18.93
High
22.00
About PL
Planet Labs PBC is a provider of global, daily satellite imagery and geospatial solutions. It designs, builds, and operates the earth observation fleet of imaging satellites. It provides mission-critical data, advanced insights, and software solutions comprising agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to derive value from satellite imagery. Its satellite data and analytics reveal actionable insights regarding phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Its daily stream of proprietary data and machine learning analytics, delivered over its cloud-native platform, helps companies, governments and civil society use satellite imagery to discover insights as change happens. Its digital technology platform includes Agile Aerospace, Proprietary Big Data, and Platform and Analytics. Its products include Planet Monitoring, Planet Tasking, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Live Webcast Invitation: Planet Labs invites investors to listen to the live webcast of the conference call on its Investor Relations website, demonstrating the company's emphasis on investor engagement, with a replay available post-event to ensure broad information dissemination.
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See More
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- National Strategy: The National Satellite Space Project aims to strengthen national capabilities in satellite technologies, foster job creation, and generate economic prosperity by transforming raw satellite data into systematic, timely, and actionable information, driving digital and green transitions.
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