Planet Reports Financial Results for First Quarter of Fiscal Year 2023

Continued Acceleration with Record First Quarter Revenue of $40.1 Million

Received Landmark EOCL Award by the U.S. National Reconnaissance Office (NRO)

Expects Revenue Growth Rate to More than Double YoY for FY’23

SAN FRANCISCO (Planet Labs PR) –Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal first quarter for the period ended April 30, 2022, demonstrating accelerated growth and the momentum of its unique data subscription business.

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NRO Announces Commercial Imagery Contracts to BlackSky, Maxar and Planet Worth Billions

CHANTILLY, Va. (NRO PR) — The National Reconnaissance Office (NRO) today announced the results of its largest ever commercial imagery contract effort, awarding Electro-Optical Commercial Layer (EOCL) to BlackSky, Maxar, and Planet. Valued at billions of dollars over the next decade, these contracts mark a historic expansion of the NRO’s acquisition of commercial imagery to meet increasing customer demands with greater capacity than ever before .

“The NRO has a longstanding strategy of ‘buy what we can, build what we must’,” said .Dr. Chris Scolese, director of the NRO. “The diversity offered by our expanding architecture comprised of both commercial and NRO systems increases our resilience and enables an integrated approach to the threats facing our Nation.”

Due to its unclassified and shareable nature, commercial remote sensing data offer important benefits, including increased transparency, mission-critical awareness , and humanitarian assistance. EOCL ‘s unique situational design, featuring user-friendly license agreements and built-in contract flexibility, maximizes shareability across a diverse customer base.

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Planet Joins ESA Third Party Mission Programme for Open Access to High-Frequency, High-Resolution Imagery

BERLIN (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Planet’s PlanetScope and SkySat data have joined the European Space Agency (ESA) Third Party Missions portfolio, enabling ESA to utilize Planet data for scientific, research, and pre-operational Earth Observation based applications development. Through distribution under the ESA Earthnet Programme, European researchers, scientists, and companies can access Planet’s high-frequency, high-resolution satellite data for non-commercial use.

Initiated in 1976, the ESA Earthnet Programme is a “Network for the Earth,” with the purpose of building an Earth Observation science community to acquire and share knowledge of our planet. Within this program, Planet joins more than 50 other missions owned by commercial or public organizations to add near-daily PlanetScope imagery, 50 cm SkySat imagery, and RapidEye archive data to this global network. In 2019, Planet entered into an agreement with ESA to evaluate making Planet’s data from its high-resolution constellation available as a Third Party Mission.

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Planet Unveils Details About Next-generation Pelican Satellite Constellation

SAN FRANCISCO (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today unveiled details about plans for Pelican, its next-generation satellite constellation, which was previously announced at Planet Explore 2021. Pelican is designed to rapidly capture changing events as they unfold and to provide a leap forward in capabilities for Planet customers – from higher revisit frequency and higher spatial resolution, to faster data access and delivery and real-time analytics. The program is under current development on-site at Planet’s in-house design and manufacturing facility.

“We are seeing strong and growing demand from multiple market segments for our high resolution products today. We have designed our next generation ‘Pelican’ fleet to meet the evolving needs of customers who want real-time information about global events as they unfold – from floods and wildfires to political conflicts and threats to human rights. Pelican’s rapid response and higher resolution will do exactly that,” said Planet’s Co-Founder and CEO Will Marshall.

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A Call For The United States Government To Lead International Efforts To Prohibit The Use Of Debris-Creating Anti-Satellite Weapons (ASATs)

Fig. 4: Estimated volume of space occupied by debris fragments during first day following intercept, with color depicting the relative likelihood of a fragment occupying that portion of space. (Credit: COMSPOC/CSSI volumetric analysis, with rendering by AGI, an Ansys Company.)

An open letter by Planet co-founders, Will Marshall and Robbie Schingler

For the last ten years, Planet has raised concerns about the impact destructive anti-satellite weapons (ASATs) have on a healthy space ecosystem. ASATs threaten operations in Low Earth Orbit (LEO), jeopardize astronauts’ safety, and risk destroying satellites that provide critical services to humanity. They are irresponsible. Today, we want to shed light on this important issue and urge the United States Government to lead an international effort to prohibit the use of debris-creating anti-satellite weapons (ASATs).

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Planet Launches Next Generation PlanetScope With Eight Spectral Bands And Quality Improvements

SAN FRANCISCO (Planet Labs PR) — Today we announced the general availability of the next generation of our PlanetScope Monitoring product, offering high quality, analysis-ready data to all existing PlanetScope customers. While previously offering four spectral bands, PlanetScope will now include eight spectral bands in addition to a series of enhancements, providing our customers with richer, cleaner, and more consistent data to empower deeper analysis of Earth’s changing conditions.

“Planet is focused on delivering the most timely and accurate data possible to our customers. We are excited about this release because we know it empowers customers to enhance their analyses and decision-making with robust, global-scale data. Our customers and partners will use the new features to power analytics and solutions across broad industries,” said Planet VP of Product Imagery Jim Thomason.

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Galactic Unite Black Leaders in Aerospace Scholarship and Training Program First Cohort Announced

Credit: Virgin Galactic

LAS CRUCES, NM (Virgin Galactic PR) — Virgin Galactic today announced the first students to be awarded scholarships in the Galactic Unite Black Leaders in Aerospace Scholarship and Training (BLAST) program.

BLAST is a scholarship, mentoring and fellowship program for college Sophomore through to Senior year Black scholars pursuing STEM education with a focus on aerospace in the U.S.

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44 SuperDove Satellites Successfully Launch on SpaceX Falcon 9 Rocket

SAN FRANCISCO, January 13, 2022 (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the successful launch of its 4x Flock, consisting of 44 SuperDove satellites, into orbit on a SpaceX Falcon 9 rocket. The company has established contact with all of the SuperDove satellites, many within two minutes of the final deployment, upholding Planet’s record of successfully connecting with 100% of all Planet satellites launched.

These 44 satellites will join Planet’s existing fleet of roughly 200 satellites in orbit. Planet has now launched 127 satellites across eight launches with SpaceX, and over 500 satellites total since the company’s founding 10 years ago. This marks Planet’s first launch with SpaceX under their new multi-year, multi-launch rideshare agreement signed in 2021.

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dMY Technology Group Stockholders Approve Plan to Take Planet Labs Public

SAN FRANCISCO (Planet Labs PR) — Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about earth, today announced that its proposed business combination with dMY Technology Group, Inc. IV (NYSE:DMYQ) (“dMY IV”), a special purpose acquisition company, was approved by dMY IV’s stockholders at its special meeting held on December 3, 2021.

Approximately 99% of the votes cast at the meeting on the business combination proposal voted to approve the transaction.

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Planet Federal Signs Contract Extension With National Reconnaissance Office

SAN FRANCISCO (Planet Labs PR) — Today, we are excited to share that our wholly owned subsidiary, Planet Federal, expanded our contract with the National Reconnaissance Office (NRO) to provide the Department of Defense and Intelligence Community with continued access to Planet’s daily, unclassified satellite data. This contract modification expands NRO’s current access to now include monitoring over new areas of interest. 

The extension also includes continued integration efforts to make Planet’s deep archive – dating back to 2009 – and daily satellite data, available to NRO users through their Commercial GEOINT Integration (CGI) architecture. While Planet’s high-resolution SkySat data is already available through the CGI architecture, incorporating our medium-resolution PlanetScope data into the same system enables faster decision-making by providing users with data in a more user-friendly fashion. 

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Net Zero Space Declaration Nets 11 Signatories

The scales of the space debris problem (Credit: ESA)

Eleven space stakeholders have pledged themselves to avoiding the future generation of space debris and remediating the junk that is already clogging up Earth orbit by signing the Net Zero Space Declaration last week.

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New Shepard Spaceflight Participant Glen de Vries Dies in Plane Crash

Entrepreneur Glen de Vries, who rode to space with “Star Trek” actor William Shatner aboard Blue Origin’s New Shepard vehicle on Oct. 13, was killed in the crash of a small plane in New Jersey on Thursday.

Media reports say de Vries died in the crash of a single-engine Cessna 172 near a state park in Lake Kermah, Hampton Township. New Jersey aviation company owner Thomas Fischer also died in the crash.

“We are devastated to hear of the sudden passing of Glen de Vries. He brought so much life and energy to the entire Blue Origin team and to his fellow crewmates. His passion for aviation, his charitable work, and his dedication to his craft will long be revered and admired,” Blue Origin tweeted.

De Vries, 49, was vice chairman of life sciences and healthcare at Dassault Systèmes, parent corporation of Medidata Solutions. DeVries co-founded Medidata.

De Vries and Shatner flew to suborbital space with Planet Labs Co-founder Chris Boshuizen and Blue Origin Vice President of Operations Audrey Powers. The flight, launched from the company’s west Texas base, reached an altitude of 107 km (66.5 miles) and lasted 10 minutes 17 seconds.

Planet To Acquire VanderSat To Deliver Advanced Agriculture Data Products To Customers

SAN FRANCISCO (Planet Labs PR) — We are excited to announce that Planet has entered into an agreement to acquire VanderSat, a leading provider of advanced earth data and analytics. Vandersat’s innovative products help customers better measure and understand water management and crop health in major markets. Planet intends to leverage VanderSat’s technologies and products in further pursuit of bringing to market next-generation solutions that combine the best of commercial and public satellite data to provide clear and actionable information to help industries, non-profits, and governments around the world.

VanderSat has world-class expertise in providing insights to customers by drawing from NASA, ESA and JAXA satellite data, and has built a suite of novel products that report on key conditions on the Earth’s surface, like soil moisture, land surface temperature, vegetation optical depth, and biomass. VanderSat’s unique algorithms deliver daily, global data products with great accuracy, unhindered by changing cloud-cover and atmospheric conditions. 

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Planet Announces Virtual Investor Day

SAN FRANCISCO (Planet Labs PR) — Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, today announced that it will host a Virtual Investor Day on November 18th starting at 11:00 am Eastern Time / 8:00 am Pacific Time. 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.

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