Planet Labs Shares Jump on ESA-Backed Greece Contract

The two-year, seven-figure award gives Planet Labs a concrete near-term revenue boost.

Overview

Planet Labs’ German unit won a two-year European Space Agency–backed deal to provide satellite imagery and services to the Greek government, a contract reported to be worth seven figures.
Shares climbed 10.78% to $39.10 after the announcement, marking a sharp move higher for the stock.
Options trading showed heavy call buying and rising implied volatility, pointing to traders positioning for more near-term gains.
Analysts’ average price target sits at $29.94 with a Hold consensus, which is below the stock’s latest trading level.
Recent filings show new institutional positions, including a 70,000‑share, $1.38 million stake by BHK Investment Advisors, while CFO Ashley F. Johnson and executive Robert Schingler sold shares in early April, with Schingler’s sale made under a 10b5-1 plan.