Muon Space Raises $10 Million Seed Financing to Improve Data-Driven Climate Action

MOUNTAIN VIEW, Calif. (Muon Space PR) — Muon Space, a climate-focused satellite constellation company, today announced it has raised $10 million in Seed funding led by Costanoa Ventures with participation from Space Capital, Congruent VC, Ubiquity Ventures, South Park Commons, Climactic VC.

Founded by a proven team from JPL, Skybox Imaging, Loft Orbital, Ball Aerospace, Apple and Google who have led more than 30 successful remote sensing missions, Muon Space is building the Earth’s first scientific, software-defined remote sensing constellation platform and collaborating with organizations to deliver critical climate and Earth systems data. Early customers including Tomorrow.io and Google are partnering with Muon to develop new mission-critical geophysical datasets.

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Planet Reports Second Quarter Financial Results and Reaffirms Full Year Outlook

  • Delivers Record Second Quarter Revenue of $30.4 Million, Up 19% YoY
  • Reiterates $130 million Revenue Outlook for Fiscal Year 2022

SAN FRANCISCO (Planet Labs PR)–Planet Labs Inc. (Planet” or the “Company), a leading provider of daily data and insights about Earth, today announced financial results for its second fiscal quarter ended July 31, 2021, highlighting the continued momentum of its unique data subscription business. Earlier this year, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE: DMYQ) (“dMY IV”), a special purpose acquisition company, to become a publicly traded company later this year (the “Business Combination”).

Second Quarter FY2022 Highlights

  • Q2 Revenue increased 19% year-over-year to $30.4 million.
  • Percent of Recurring ACV was 93%, as compared to 92% in the year ago comparable quarter
  • End of Period (EoP) Customer Count increased 36% year-over-year to 732 customers
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Planet to Become Publicly Traded Company through Merger with dMY IV

  • Planet is an Earth data and analytics company, producing 25 terabytes of data per day from approximately 200 satellites – the largest Earth imaging satellite fleet ever
  • Planet’s proprietary data powers a high growth subscription business with over $100 million in revenue in FY2021 from over 600 customers across many verticals
  • In addition to $345 million in dMY IV’s trust account (assuming no redemptions), transaction includes $200 million fully committed PIPE led by funds and accounts managed by BlackRock, with key participation including Koch Strategic Platforms and Marc Benioff’s TIME Ventures and existing Planet investor Google
  • Transaction values Planet at a post-transaction equity value of approximately $2.8 billion
  • Planet intends to use the proceeds from the transaction to expand its operations and services to enable a more sustainable and secure planet
  • Business combination expected to be completed later this year

SAN FRANCISCO, CA and NEW YORK, NY July 7, 2021 – Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, and dMY Technology Group, Inc. IV (NYSE: DMYQ) (“dMY IV”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement under which Planet will become a publicly-traded company. Upon closing, the combined company will retain the Planet name and be listed on the NYSE under the ticker symbol “PL.” The transaction values Planet at a post-transaction equity value of approximately $2.8 billion.

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Boeing Appoints SpaceX Veteran as Vice President of Software Engineering

CHICAGO, Nov. 6, 2020 (Boeing PR) — The Boeing Company (NYSE: BA) today named Jinnah Hosein as the company’s vice president of Software Engineering, effective immediately. In this newly created role, Hosein will report to Greg Hyslop, Boeing chief engineer and senior vice president of Engineering, Test & Technology, and will focus on further strengthening Boeing’s focus on software engineering across the enterprise.

“The continued advances in software makes excellence in software engineering an imperative for our business,” said Hyslop. “Jinnah will be charged with defining and leading Boeing’s strategy for software engineering, which includes providing capabilities, technologies, processes and secure and accurate systems to meet the needs of all our customers across the entire product life cycle.”

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NOAA, Google to Apply AI to Environmental Monitoring, Weather Prediction

SILVER SPRING, Md. (NOAA PR) — NOAA’s Satellite and Information Service (NESDIS) has signed an agreement with Google to explore the benefits of Artificial Intelligence (AI) and Machine Learning (ML) for enhancing NOAA’s use of satellite and environmental data.

Under this three-year Other Transaction Authority (OTA) agreement, NESDIS and Google will pilot specific AI- and ML-related projects to amplify NOAA’s environmental monitoring, weather forecasting, climate research, and technical innovation. 

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Google and NASA Achieve Quantum Supremacy

MOFFETT FIELD, Calif. (NASA PR) — Google, in partnership with NASA and Oak Ridge National Laboratory, has demonstrated the ability to compute in seconds what would take even the largest and most advanced supercomputers thousands of years, achieving a milestone known as quantum supremacy.

“Quantum computing is still in its infancy, but this transformative achievement rockets us forward,” said Eugene Tu, center director at NASA’s Ames Research Center in California’s Silicon Valley. “Our missions in the decades to come to the Moon, Mars and beyond are all fueled by innovations like this one.”

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SpaceIL’s Beresheet Spacecraft Crashes on Moon

A graphic showing Beresheet’s path to the Moon. Dates correspond with Israel Standard Time. (Credits: SpaceIL)

The first privately funded moon landing crashed onto the lunar surface on Thursday.

SpaceIL’s Beresheet lander got about 10 km above the moon when it began experiencing a problem with its engine. Communications were lost and then controllers announced that the spacecraft had crashed.

“If at first you don’t succeed, you try again,” said Israeli Prime Minister Benjamin Netanyahu, who joined the SpaceIL team at the control center.

The $100 mission by the former Google Lunar X Prize team was largely unwritten by billionaire Morris Kahn with some funding assistance from the Israel Space Agency.

Israel was attempting to become the fourth nation to successfully land on the moon after the United States, Soviet Union and China.

Officials put a brave face on the failure, saying SpaceIL had been successful in placing the satellite into orbit around the moon before today’s unsuccessful landing attempt.

If the landing had succeeded, SpaceIL would have received a $1 million award XPRIZE Chairman Peter Diamandis. XPRIZE had run the Google Lunar X Prize, which was a $30 million competition to land a rover on the moon capable of traveling 500 meters across the surface.

Google canceled the competition in January 2018 after numerous extensions when it became clear that none of the remaining teams was close to winning the prize.











Google Lunar X Prize is Back — Without Google & Without a Prize

The moon rising over Half Moon Bay. (Credit: Douglas Messier)

LOS ANGELES, April 5, 2018 (XPRIZE PR) — Today, XPRIZE announced their plan to continue the Lunar XPRIZE mission, with a re-launch of a new Lunar-focused competition.

Effective today, the Lunar XPRIZE will operate as a non-cash competition. Over the next few months, XPRIZE will define new parameters for companies to compete in the prize.

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The GLXP is Dead! Long Live the GLXP!

by Douglas Messier
Managing Editor

This past week, the XPrize acknowledged the obvious:  after 10 years and multiple deadline extensions, none of the five remaining teams was going to claim the Google Lunar X Prize by landing a privately-built vehicle on the moon that would travel 500 meters across the surface while sending back high-definition video.

The first team to accomplish that goal would have claimed $20 million; the second, $5 million. But, unlike the moon race of the 1960’s, Google’s much hyped moon shot ended not with the deafening roar of a launch but the deadening silence of a dream deferred.

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X Prize Admits What Everyone Already Knew: Google Lunar Prize is Kaput

CULVER CITY, Calif. (X Prize PR) — “After close consultation with our five finalist Google Lunar XPRIZE teams over the past several months, we have concluded that no team will make a launch attempt to reach the Moon by the March 31st, 2018 deadline. This literal “moonshot” is hard, and while we did expect a winner by now, due to the difficulties of fundraising, technical and regulatory challenges, the grand prize of the $30M Google Lunar XPRIZE will go unclaimed.

We are extraordinarily grateful to Google for enabling this 10-year journey with us and for having the foresight and courage to support and catalyze the commercial space industry, which was the ultimate goal of this competition.

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NASA Space Act Agreements with Lockheed Martin, Northrop Grumman and More

NASA has released a document listing the 1,206 active Space Act Agreements (SAAs) the agency has with commercial companies, non-profit organizations and state and local governments.

From that list, I’ve extracted agreements with individual companies. Below you will find tables listing SAAs that NASA has signed with Lockheed Martin, Northrup Grumman, Space Systems Loral, Google and Teledyne.

SAAs come in three varieties: reimburseable, non-reimburseable and funded. Under reimburseable agreements, a company or organization will pay NASA for its services. No money exchanges hands under non-reimburseable agrements. And under funded agreements, NASA pays the company to perform work or provide services. (The space agency made substantial use of SAA’s in the Commercial Crew Program.)
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Go Inside ISS With Google Street View

Video Caption: The International Space Station is a marvel of modern science and engineering. Astronauts have occupied the pressurized modules for over 16 years, and now you can explore their work and living spaces in Google Street View. From the research, to the “orbital outhouse” to the inspirational views back down to Earth from the cupola, take a look at the images here: google.com/streetview











Google Lunar X Prize Extends Deadline Again

LOS ANGELES, August 16, 2017 (XPRIZE PR) – Today, XPRIZE and Google announce that $4.75M in additional Milestone Prize money will be available to Google Lunar XPRIZE finalist teams for achieving technological milestones along the way to the Moon.

Additionally, XPRIZE established a mission completion deadline of March 31, 2018, regardless of the initiation date, in order for teams to win the Grand or Second-Place Prizes.

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Start-up Space Blasts Off

Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.

Below is the executive summary. You can also download the full report.

Executive Summary

The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns.
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Report: Google Lunar XPrize Field Narrows

SpaceIL lander (Credit: SpaceIL)

It looks as if Team SpaceIL is out of the $30 million Google Lunar XPrize.

Quartz reports the Israeli team will not be able to launch its lander/rover to the moon aboard a SpaceX Falcon 9 booster until some time next year — too late to meet the end-of-2017 deadline required to win the prize.

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