PL News & Events

Planet Labs Germany and Isar Aerospace announced a strategic launch agreement. Under the agreement, Isar Aerospace will launch one of Planet's next-generation high-resolution Pelican satellites, with additional satellites planned for future launches. "Germany has set out an ambitious space agenda. Planet and Isar Aerospace are responding to the moment and delivering a first for the country: both satellite and rocket built in Germany," said Martin Polak, Managing Director of Planet Labs Germany. "Most excitingly our joint teams have set an ambitious goal to do this first launch within less than 12 months of agreement - showcasing our agile aerospace approach and supporting rapidly evolving national priorities across security, resilience and civil applications."

Backtracking by President Trump regarding impending bombing of Iranian targets and the possible reversal of his threat to take over Kharg Island in a bid to control the country's oil industry soothed investor sentiment. Front-month WTI Crude Oil pulled back toward $85 - the lowest levels since mid-April - while Treasury yields saw a meaningful pullback, repricing inflation expectation, with added assistance from a notable rise in weekly jobless claims that dented a threat of a Fed rate hike. In equities, Basic Materials, Industrials, and Tech bounced sharply on renewed risk-on appetite while Energy and Consumer Staples underperformed.In the evening session, index futures remain bid, targeting a full reversal from two days of heavy selling. S&P e-minis are up 1%, Nasdaq 100 is up 1.1%, and Dow Industrials is up 0.8%. In metals, Gold and Silver are notably higher as US Dollar retreats. Among notable earnings, Adobewas down over 5% despite better than expected Q2 results and guidance raise, with the company warning that its strategic shift on freemium customers will also reduce the growth outlook for annualized recurring revenue in the second half of the year.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RHup 10.8%ALSO HIGHER -Space exploration / infrastructure stocks higher following SpaceX IPO pricing; Iridium Communicationsup 2.1%, Rocket Labup 3.6%, AST SpaceMobileup 5.8%, Intuitive Machinesup 3.1%, Planet Labsup 3.6%, Redwireup 8.9%, Spire Globalis up 3.5%, Virgin Galacticup 13.1%, and BlackSkyis up 4.0%.FormFactorup 1.3% after being upgraded at B.RileyDOWN AFTER EARNINGS -Adobedown 5.8%Laser Photonicsdown 4.2%Lennardown 2.5%