New funding builds on a unique partnership between Bloomberg Philanthropies, Carbon Mapper, Planet, the State of California, NASA Jet Propulsion Laboratory, the University of Arizona, Arizona State University (ASU), High Tide Foundation, and RMI to develop and deploy a constellation of satellites to help tackle potent methane emissions.
Investment will deliver powerful, advanced emissions data in support of the newly signed Global Methane Pledge
NEW YORK and SAN FRANCISCO (Bloomberg Philanthropies PR) – Today, Bloomberg Philanthropies, Carbon Mapper, and partners announced the Carbon Mapper Accelerator program, to accelerate the deployment of emerging remote sensing technologies needed to effectively pinpoint, quantify, and diagnose sources of high-emission methane and carbon dioxide (CO2) globally. The new initiative provides immediate support to governments committed to the Global Methane Pledge, an unprecedented agreement led by the United States and the European Union to reduce global methane emissions by 30% by 2030, which yesterday gained 24 new country signatories.
New commitments bring total raised from PIPE from $200 million to more than $250 million
Fully committed PIPE transaction is in conjunction with Planet’s agreement to become a publicly traded company through merger with dMY IV
SAN FRANCISCO (Planet Labs PR) — 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 special purpose acquisition company, today announced that they have received a commitment for a US$50 million investment in dMY IV from Canada Pension Plan Investment Board (“CPP Investments”). Together with CPP Investments, Cypress Point Investment Management (“Cypress Point”) participated in a co-investment.
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
SAN FRANCISCO (Planet PR) — We’re thrilled to announce a multi-year, multi-launch agreement with SpaceX, solidifying them as our go-to-launch provider through the end of 2025. SpaceX’s Falcon 9 is the world’s most reliable and frequently-flown rocket that offers low-cost rideshare services, making SpaceX a natural choice for us. The first planned launch under this agreement is Flock 4x, 44 SuperDoves on the Falcon 9 Transporter-3 SSO rideshare mission scheduled for launch December 2021.
WASHINGTON (NASA PR) — NASA has expanded its contract with two space-based imagery companies, Planet and Spire Global, to broaden access to Earth imagery data and enable scientific research across the federal government. Broader access to this satellite data will help answer questions about how Earth is changing and how those changes may impact people and communities.
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.
The United States reclaimed the top spot in launches from China last year as NASA astronauts flew into orbit from American soil for the first time in nearly nine years, SpaceX deployed the world’s first satellite mega-constellation with reused rockets, and two new launchers debuted with less than stellar results.
American companies conducted 44 launches in 2020, with 40 successes and four failures. Bryce Tech reports that U.S. companies accounted for 32 of the 41 commercial launches conducted last year. The majority of those flights were conducted by SpaceX, which launched 25 orbital missions.
China came in second with a record of 35 successful launches and four failures. The 39 launch attempts tied that nation’s previous record for flights during a calendar year.
Let’s take a closer look at what U.S. companies achieved last year.
State of California, NASA JPL, and Planet team up with University of Arizona, ASU, RMI, High Tide Foundation and Bloomberg Philanthropies in unique coalition to fight climate change
SAN FRANCISCO, April 15, 2021 (Carbon Mapper PR) — Carbon Mapper, a new nonprofit organization, and its partners – the State of California, NASA’s Jet Propulsion Laboratory (NASA JPL), Planet, the University of Arizona, Arizona State University (ASU), High Tide Foundation and RMI – today announced a pioneering program to help improve understanding of and accelerate reductions in global methane and carbon dioxide (CO2) emissions. In addition, the Carbon Mapper consortium announced its plan to deploy a ground-breaking hyperspectral satellite constellation with the ability to pinpoint, quantify and track point-source methane and CO2 emissions.
SAN FRANCISCO, Calif. (Planet PR) — 48 SuperDoves, our Flock 4s, were successfully delivered to orbit today on SpaceX’s Transporter-1 mission. This record-setting launch carried 143 satellites to orbit – the most spacecraft ever deployed on a single mission.
COMO, Italy (D-Orbit PR) — On January 24th, 2021, at 4:00 pm CET, we launched another ION Satellite Carrier atop a SpaceX Falcon 9 rocket from the Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station (CCSFS), Florida. On the same day, 1 hour 16 minutes and 28 seconds the vehicle was successfully deployed into a polar orbit.
The spacecraft, named ION SCV Laurentius, is an upgraded and enhanced version of the vehicle launched in the fall of 2020, which precisely deployed twelve satellites in orbit.
During its mission, named PULSE, the vehicle will deploy 20 satellites, among which eight SuperDoves from Earth imaging company Planet Labs, and perform the in-orbit demonstration of two optical payloads from EICAS and Instituto de Astrofísica de Canarias (IAC) respectively, among other experiments on unique payloads
SpaceX set a new world record on Sunday by launching 143 satellites into Earth orbit aboard a Falcon 9 rocket.
The Sunday morning polar orbit launch included 133 commercial and government spacecraft along with 10 satellites for SpaceX’s Starlink broadband communications constellation. The launch was conducted from Cape Canaveral Space Force Station in Florida.
SPRINGFIELD, Va. (NGA PR) – The National Geospatial-Intelligence Agency’s primary unclassified delivery system now features small satellite commercial imagery, enabling federal government and international partners increased access to geospatial data to meet mission demands.
The G-EGD system, first introduced in 2011, consisted of only of MAXAR/Digital Globe imagery, but the addition of Planet Federal and BlackSky Global data represents the first time that small satellite imagery has been integrated into the delivery system.
The satellite carrier completes deployment of all 12 SuperDove satellites
FINO MORNASCO, Italy D-Orbit PR) — D-Orbit, the in-orbit transportation company, announced the successful completion of the deployment phase of Origin mission, the first of ION Satellite Carrier. ION, D-Orbit’s satellite platform, successfully released 12 SuperDove satellites for Earth-imaging company Planet, in the precise orbital slots requested by the client.
The vehicle has been operational since September 3rd, when it was successfully released from an Arianespace Vega launcher. On September 25th, it released successfully the first SuperDove satellite of the batch, and the last satellite was deployed on October 28th, at 10:38:46 UTC.
Rocket Lab’s Kick Stage successfully completed plane change in orbit for the first time, further demonstrating the Kick Stage’s ability to enable custom orbits for small sats.
LONG BEACH, Calif. (Rocket Lab PR) — This week Rocket Lab demonstrated an advanced capability of its Kick Stage acting as a space tug during the company’s 15th launch, the ‘In Focus’ mission that launched satellites for Planet and Canon on October 28th UTC.
MAHIA PENINSULA, New Zeland — Rocket Lab’s Electron rocket launched 10 small satellites into Earth orbit on Wednesday (Thursday local time) from the company’s Launch Complex 1 in New Zealand.
The “In Focus” rideshare mission orbited nine SuperDove Earth imaging satellites for Planet of San Francisco and a microsatellite with several telescopes aboard for Canon Electronics of Japan.
It was Rocket Lab’s Electron’s 15th launch overall and the fifth flight of the booster in 2020. The company has a record of 13 successes and two failures.
Planet’s nine SuperDove spacecraft were deployed into 500 km (311 mile) high sun synchronous orbits using Rocket Lab’s Maxwell satellite dispensers. They join Planet’s constellation of medium-resolution imaging satellites.
Canon Electronics’ CE-SAT-IIB is a technological demonstration satellite has a middle-sized telescope equipped with an ultra-high sensitivity camera capable of taking night images of the Earth. The spacecraft also has small-size telescopes suitable for CubeSat use.