Planet Labs PBC, known as Planet, is an American Earth imaging company that operates a large fleet of satellites, including the Dove and SkySat constellations. They provide daily, high-resolution satellite imagery and geospatial solutions used for various applications like climate monitoring, agriculture, and disaster response. Planet's major partners and customers include governments, Google, and organizations in agriculture, forestry, and intelligence. The company's mission is to image the entire Earth every day to monitor changes and make the data accessible.
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Planet Labs PBC is a global provider of high-resolution satellite imagery.
By leveraging Planet’s data, Barchart can provide measurements with improved accuracy of US soil conditions and yield throughout the growing season.
Both Astra and Planet's founders previously worked for Pete Worden at NASA's Ames Research Center.
Planet operates a constellation of imaging satellites while developing a new generation of technology.
Chris Kemp, founder of Astra, worked as a consultant for Planet before founding his own company.
Planet buys launch services from Astra and Rocket Lab.
Up to 60% of revenue generated by Planet, which operates a constellation of imaging satellites, goes to third-party ground stations.
Processing data in orbit could alleviate revenue challenges for Planet and its stock performance.
Planet reported $60,400,000 in revenue for fiscal 2025-01-01, up 15% year-over-year.
Planet’s higher-resolution Pelican demonstrator launched in November and shares the same platform as Tanager-1.
Planet has outlined plans to build and operate two hyperspectral satellites initially targeting a launch in 2023.
Planet recorded an $8,400,000 adjusted EBITDA loss for 2025-01-01 compared with a $19,100,000 adjusted EBITDA loss for the corresponding period last year.
The U.S. National Reconnaissance Office renewed a contract to continue using Planet’s imagery services and data archive.
Planet is on track to reach adjusted EBITDA profitability in fiscal 2025-10-01.
Planet expects to report between $59,000,000 and $63,000,000 in revenue for its next fiscal quarter and an adjusted EBITDA loss of between $7,000,000 and $10,000,000.
Planet expects the data Tanager-1 and follow-on hyperspectral satellites to be tied to contract milestones that will delay recording revenue from the Carbon Mapper deal over the next couple of quarters.
Planet deployed a new software platform in April designed to merge Earth-observation datasets with analytics for analyzing, streaming, and distributing imagery insights.
Planet has a $20,000,000 agreement signed in March to sell Tanager-1 services to Carbon Mapper.
In late 2023 SES Space & Defense demonstrated Telemetry, Tracking, and Commanding (TT&C) relay services through ground testing of a C-band always-on channel using Planet’s LEO flight-ready C-band terminal and SES’s C-band GEO global beams.
SES Space & Defense partnered with Planet Labs to demonstrate data relay services using SES’s O3b mPOWER satellite constellation in Medium Earth Orbit and Planet’s Low Earth Orbit flight-representative terminal.