Planet Labs sets up $1.5 billion at-the-market equity offering program
Planet Labs
Planet Labs can now sell up to $1.5 billion in shares over time through banks acting as sales agents.
what happened
On June 5, 2026, Planet Labs PBC entered into an Equity Distribution Agreement with Goldman Sachs, Morgan Stanley, Citigroup, and eleven other banks covering the offer and sale of up to $1,500,000,000 of Class A common stock through an at-the-market program, including through forward sale agreements. The shares are offered under a shelf registration statement Planet Labs filed with the SEC the same day.
why it matters
An ATM program lets Planet Labs raise capital opportunistically without a single priced offering, spreading dilution over time rather than all at once. The size, $1.5 billion against a company with a much smaller market cap, gives Planet significant flexibility to fund satellite manufacturing, working capital, or acquisitions as opportunities arise.
for who
Planet Labs investors and EO competitors tracking capital intensity in the sector
signal-to-noise
quick facts
- Companies
- Planet Labs
- Category
- financial
- Impact
- noise
- SNR
- 5 / 5
- Event date
- 2026-06-05
- Published
- 2026-07-05 08:57 UTC