Space Stocks Update: Planet Labs Q2 Earnings, EchoStar SpaceX Deal, AST SpaceMobile Downgrade

Planet Labs Q2 revenue rose 20% to $73.39mln, beating estimates. AST SpaceMobile shares dropped 25% over the past week, and UBS downgraded the stock from Buy to Neutral. EchoStar sold AWS-4 and H-block spectrum licenses to SpaceX for $17bln, and Globalstar shares surged on investor enthusiasm. Intuitive Machines and Rocket Lab shares continued to slide with no company-specific news.

Planet Labs PBC (PL) reported its Q2 2025 earnings, showcasing a notable revenue increase and a positive earnings surprise. The company posted an earnings per share (EPS) of -$0.03, beating the forecasted -$0.05, while revenue reached $73.4 million, exceeding expectations of $66.07 million Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1]. Following the announcement, Planet Labs’ stock surged 18.07% in premarket trading, reflecting investor optimism Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1].

Key Takeaways:
- Revenue growth of 20% year-over-year, reaching $73.4 million.
- EPS beat expectations with a surprise of 40%.
- Stock price rose by 18.07% in premarket trading.
- Strong performance in defense and intelligence sectors with 41% growth.
- Continued profitability with an adjusted EBITDA of $6.4 million.

The market reacted positively to Planet Labs’ earnings report, with the stock price increasing by 18.07% in premarket trading. The current stock price of $7.71 is close to its 52-week high of $7.719, indicating strong investor confidence Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1]. This movement contrasts with broader market trends, where many tech stocks have faced volatility.

Planet Labs demonstrated strong growth in Q2 2025, driven by increased demand in the defense and intelligence sectors, which grew by 41% year-over-year. The company also reported a significant backlog increase of 245%, indicating a robust pipeline of future business. Despite a flat performance in North America and a slight decline in Latin America, regional growth in Asia-Pacific and EMEA was impressive, exceeding 50% and 30% respectively Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1].

Looking ahead, Planet Labs provided Q3 revenue guidance of $71-$74 million and full fiscal year 2026 revenue projections of $281-$289 million. The company expects to remain free cash flow positive for the fiscal year and plans capital expenditures between $65-$75 million Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1]. An Investor Day is scheduled for October 16, 2025, which may provide further insights into strategic initiatives.

In contrast, AST SpaceMobile shares dropped 25% over the past week, and UBS downgraded the stock from Buy to Neutral. EchoStar sold AWS-4 and H-block spectrum licenses to SpaceX for $17bln, and Globalstar shares surged on investor enthusiasm. Intuitive Machines and Rocket Lab shares continued to slide with no company-specific news .

References:
Earnings call transcript: Planet Labs Q2 2025 sees revenue growth, stock surges^[1] https://za.investing.com/news/transcripts/earnings-call-transcript-planet-labs-q2-2025-sees-revenue-growth-stock-surges-93CH-3871977
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