Bank of New York Mellon Corp acquired 775,759 shares of Planet Labs PBC during the second quarter. This new position is valued at approximately $25.7 million.
The purchase represents a 0.22% ownership stake in the satellite imaging company. An SEC filing officially reported the transaction on August 30, 2026.
This institutional investment follows similar position adjustments by various hedge funds. The move signals a potentially bullish outlook for Planet Labs from a major financial institution.