All verified mentions of this organization in source documents.
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.
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.
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 consideration for VanderSat consists of $18,000,000 in Planet Labs PBC Class A common stock and approximately $10,000,000 in cash.
Under the agreement, Planet will acquire VanderSat for approximately $28,000,000.
Planet’s prior acquisitions include BlackBridge in 2015, Terra Bella in 2017, and Boundless in 2019.
Planet will acquire VanderSat for approximately $28,000,000.
Planet previously completed acquisitions of BlackBridge in 2015, Terra Bella in 2017, and Boundless in 2019.
VanderSat’s mission is to serve one billion hectares of land in 2024, and joining Planet was intended to accelerate that goal toward 2022.
VanderSat had a goal to serve one billion hectares of land in 2024 and aimed to reach that goal in 2022 upon joining Planet.
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.
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 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 acquired geospatial specialist Boundless Spatial in 2019.
VanderSat aims to reach its one-billion-hectare goal in 2022 by joining Planet.
Planet agreed to acquire VanderSat for about $28,000,000.
The military is recognized as the most diverse workforce on the planet.
The final EOCL request for proposals follows more than two years of market research that included 2019 study contracts awarded to Maxar, BlackSky, and Planet.