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.
Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.
Below is the executive summary. You can also download the full report.
The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns. (more…)
SAN FRANCISCO (Planet Labs PR) — Planet Labs is thrilled to announce that we have entered into an agreement with Google, wherein Planet will acquire the Terra Bella business including the SkySat constellation of satellites, and Google upon closing, will enter into a multi-year contract to purchase Earth-imaging data from Planet.
I can speak for everyone at Planet when I say that we’re incredibly excited about this opportunity. We’ve long admired what the team at Terra Bella has achieved and we think the SkySat constellation of 7 high resolution satellites is highly complementary to Planet’s existing medium resolution 60-satellite fleet. The former enable regular, rapidly updated snapshots of select areas of the globe at sub-meter resolution; the latter regular, global coverage at 3-5 meter resolution. The two systems under one roof will be truly unique and will enable valuable new capabilities.
It looks as if Google’s foray into satellites could be short lived:
Alphabet Inc.’s Google is in talks to sell its satellite business to competitor Planet Labs Inc., a satellite-imagery startup that is seeking a new round of funding to help pay for the possible acquisition, according to people familiar with the talks.
The sale of its satellite-imagery unit, Terra Bella, would be a rapid about-face for Google, which has recently shed some of its bolder ventures. Google bought the company for $500 million in 2014, when it was known as Skybox Imaging.
Discussions about the possible acquisition, which were first reported by Bloomberg News on Monday, are focused on a possible cash plus equity deal, the people said. Planet, founded in 2011, is seeking to raise funds to help finance the deal and pay for continuing operations, one of the people said.
SEATTLE, Oct. 11, 2016 (Spaceflight Industries PR) – Spaceflight Industries, a next-generation space company enabling access to space and redefining global intelligence, announced today that Terra Bella has signed an agreement with its launch services entity, Spaceflight, for a SpaceX Falcon 9 launch of Terra Bella SkySats.
Terra Bella will be the co-lead on Spaceflight’s SSO-A dedicated rideshare mission scheduled to launch from Vandenberg Air Force Base in California in late 2017.