What Happened?

Shares of earth imaging satellite company Planet Labs (NYSE: PL) jumped 7.8% in the morning session after the company announced it had signed an enterprise agreement with the Slovenian government. 

The agreement was intended to support the country's efforts in key areas such as agriculture, urban planning, and disaster management. This deal with a national government was viewed as a positive development, signaling confidence in Planet's technology and its capacity to secure important contracts. For investors, such agreements suggest a clear path for business growth and broader use of the company's services.

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What Is The Market Telling Us

Planet Labs’s shares are extremely volatile and have had 58 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 7 days ago when the stock dropped 0.1% on the news that geopolitical tensions between the United States and the European Union escalated, sparking fears of a renewed trade war. 

The broader markets adopted a "risk-off" mode, with investors seeking safe-haven assets amidst the uncertainty. The market's primary fear gauge, the VIX, jumped to a fresh eight-week high, signaling rising investor anxiety. The dispute, centered on Greenland, raised the possibility of a revived trade conflict, which could disrupt global supply chains and economic activity. Mega-cap technology stocks, many of which have significant international sales and operations, were particularly affected by the souring risk sentiment as a potential trade war threatens their global business models.

Planet Labs is up 39.1% since the beginning of the year, and at $28.39 per share, it is trading close to its 52-week high of $28.78 from January 2026. Investors who bought $1,000 worth of Planet Labs’s shares at the IPO in April 2021 would now be looking at an investment worth $2,868.

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