Planet Labs Shares Rise on NASA SmallSat Data Contract Award

Planet Labs shares rise as much as 13%, the most intraday since Aug. 16, after the the Earth-imaging company said its Planet Federal subsidiary was a recipient of the NASA Commercial SmallSat Data Acquisition Program (CSDA) contract award.

• Planet Federal will provide commercial data in support of NASA’s Earth science research
• The fixed-price, indefinite-delivery/indefinite-quantity, multiple-award contract has a performance period through Nov. 15, 2028 and a maximum potential value of the multiple-awards, cumulatively among all contractors selected, is $476 million
• NOTE: Sept. 6, Planet Labs closed down 28% on Friday after its revenue forecast for the current quarter fell short ...