🚀 Planet's 2025 Investor Day

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The Space Scoop

Week Ended 10.17.2025

Happy Friday! Congrats to the SpaceX team for numerous successes in the 11th flight test this week. Lets dive in.

Market Max-Q

Top Stories

1) On Thursday, Planet ($PL) hosted their 2025 investor day. Takeaways include:

• The company has strategically positioned itself around two main areas -- AI-enabled solutions and satellite services -- both of which are aimed at delivering comprehensive solutions for customers.

• These initiatives have driven the company to positive cash flow a year ahead of schedule ($54M in H1), and doubled quarterly revenue growth YoY. Backlog has also tripled in the past year to $736M, supporting continued acceleration.

  • The company has a strong cash position of $272M, before the recently raised $460M in convertible debt.

• Satellite services have shifted from being a cost center to a profit center, enhancing capacity and revisit rates that benefit all customers.

• Geopolitical shifts are increasing global demand for intelligence, surveillance, and security technologies.

• AI advancements depend heavily on high-quality data, and the company’s extensive geospatial imagery provides a valuable dataset for training AI models.

• Shares ended up finishing the week -10% lower.

In Other News

Satellogic Prices $90M Public Offering (Co)SATL announced the pricing of ~27.7M shares of common stock at a public offering price of $3.25 per share. Net proceeds are expected to be used for general corporate purposes. Shares fell -20% on the week.Momentus' $7M Warrant Transaction (Co)MNTS announced entry into a warrant inducement agreement with an existing institutional investor in the exercise of March and July 2025 warrants for total gross cash proceeds of ~$7.0 million. Net proceeds will be used for "working capital and other general corporate purposes."Barclays Double Downgrades ASTS (Barrons)On Friday, analyst Mathieu Robilliard’s gave the company a rare double downgrade from Overweight to Underweight and reiterated a $60 price target. He noted that satellite D2D data “will prove to be a very attractive opportunity, and AST has key assets to succeed. Valuation, however, has become excessive in our view.” Shares fell -7% on the day.

Chart of the Week

$ASTS: Following a 3-year volatile -80% trend lower from $10 SPAC origin price to an all-time low of $1.97, ASTS crossed $100 this week hitting an all-time high of $102.79. Talk about a face ripper, one that both many believed in and many doubted. Congrats to the 🅰️mob. Where to next?

Links

• Rocket Lab ($RKLB) Secures Multiple Launches with JAXA• Momentus ($MNTS) Signs $15M Global Agreement with Solstar Space• Iridium ($IRDM) & Qualcomm ($QCOM) Join Forces To Enable Satellite Connectivity in Snapdragon Mission Tactical Radio• Redwire ($RDW) & Red Cat ($RCAT) Announce Strategic Drone Integration Concept for US Army• Rocket Lab ($RKLB) Successfully Launches Latest Synspective Satellite• Gilat ($GILT) Receives $42M in Orders From Undisclosed Satellite Operator for Multi-Orbit SkyEdge IV Platform• Axiom Space Appoints New CEO• Viasat ($VSAT) Demonstrates First Satellite SMS Messages on Android in Mexico• Planet ($PL) Awarded $12.8M IDIQ Luno B Contract by NGA for AI-Enabled Solutions

Opinion

• The Mars Moment: Why Now Is the Time To Build the Future• Core Memory: Jed McCaleb’s $1B Space Station• AST SpaceMobile ($ASTS) Has Launched• Rocket Lab ($RKLB): On Its Way to the Stars• Intuitive Machines ($LUNR): The Odds of a Successful IM-3 Landing Are Rising

Earnings Calendar

• $LMT: Oct 21 - Before Market Open• $NOC: Oct 21 - Before Market Open• $HON: Oct 23 - Before Market Open• $IRDM: Oct 23 - Before Market Open• $GD: Oct 24 - Before Market Open• $BA: Oct 29 - Before Market Open• $BKSY: Nov 6 - Before Market Open• $MDA: Nov 14 - Before Market Open

*Company confirmed dates only.