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.
All verified mentions of this organization in source documents.
The merger and private investment in public equity provided Planet with roughly $590,000,000 in funding.
Planet recorded a redemption rate of about 2% and is set to start trading on 2021-12-08 on the New York Stock Exchange.
Incorporating Planet’s medium-resolution PlanetScope data into the Commercial GEOINT Integration architecture enables faster decision-making by providing users with data in a more user-friendly fashion.
The contract extension includes integration efforts to make Planet’s deep archive, dating back to 2009, and daily satellite data available to National Reconnaissance Office users through the Commercial GEOINT Integration (CGI) architecture.
Planet Federal expanded its contract with the National Reconnaissance Office to provide the Department of Defense and the Intelligence Community continued access to Planet’s daily, unclassified satellite data.
VanderSat’s mission is to serve one billion hectares of land in 2024, and joining Planet was intended to accelerate that goal toward 2022.
Planet will acquire VanderSat for approximately $28,000,000.
VanderSat had a goal to serve one billion hectares of land in 2024 and aimed to reach that goal in 2022 upon joining Planet.
Planet previously completed acquisitions of BlackBridge in 2015, Terra Bella in 2017, and Boundless in 2019.
Under the agreement, Planet will acquire VanderSat for approximately $28,000,000.
The transaction is expected to close in 2021-10-01 and is subject to customary closing conditions and the closing of Planet’s business combination with dMY Technology Group, Inc. IV.
The approximately $28,000,000 acquisition price consists of $18,000,000 in Planet Labs PBC Class A common stock and approximately $10,000,000 in cash.
The approximately $28,000,000 consideration for VanderSat consists of $18,000,000 in Planet Labs PBC Class A common stock and approximately $10,000,000 in cash.
Planet’s prior acquisitions include BlackBridge in 2015, Terra Bella in 2017, and Boundless in 2019.
Planet acquired Terra Bella with its SkySat constellation in 2017.
The acquisition of VanderSat by Planet is expected to close later 2021 for about $10,000,000 in cash and $18,000,000 in shares of Class A common stock of Planet Labs PBC.
Planet extended its European footprint with the VanderSat acquisition, building on its 2015 purchase of Berlin-based BlackBridge and the RapidEye Earth-observation constellation.
Planet agreed to acquire VanderSat for about $28,000,000.
Planet acquired geospatial specialist Boundless Spatial in 2019.
VanderSat aims to reach its one-billion-hectare goal in 2022 by joining Planet.