Tag: Will Marshall

Planet Unveils Details About Next-generation Pelican Satellite Constellation

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SAN FRANCISCO (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today unveiled details about plans for Pelican, its next-generation satellite constellation, which was previously announced at Planet Explore 2021. Pelican is designed to rapidly capture changing events as they unfold and to provide a leap forward in capabilities for Planet customers – from higher revisit frequency and higher spatial resolution, to faster data access and delivery and real-time analytics. The program is under current development on-site at Planet’s in-house design and manufacturing facility.

“We are seeing strong and growing demand from multiple market segments for our high resolution products today. We have designed our next generation ‘Pelican’ fleet to meet the evolving needs of customers who want real-time information about global events as they unfold – from floods and wildfires to political conflicts and threats to human rights. Pelican’s rapid response and higher resolution will do exactly that,” said Planet’s Co-Founder and CEO Will Marshall.

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A Call For The United States Government To Lead International Efforts To Prohibit The Use Of Debris-Creating Anti-Satellite Weapons (ASATs)

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Fig. 4: Estimated volume of space occupied by debris fragments during first day following intercept, with color depicting the relative likelihood of a fragment occupying that portion of space. (Credit: COMSPOC/CSSI volumetric analysis, with rendering by AGI, an Ansys Company.)

An open letter by Planet co-founders, Will Marshall and Robbie Schingler

For the last ten years, Planet has raised concerns about the impact destructive anti-satellite weapons (ASATs) have on a healthy space ecosystem. ASATs threaten operations in Low Earth Orbit (LEO), jeopardize astronauts’ safety, and risk destroying satellites that provide critical services to humanity. They are irresponsible. Today, we want to shed light on this important issue and urge the United States Government to lead an international effort to prohibit the use of debris-creating anti-satellite weapons (ASATs).

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dMY Technology Group Stockholders Approve Plan to Take Planet Labs Public

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SAN FRANCISCO (Planet Labs PR) — Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about earth, today announced that its proposed business combination with dMY Technology Group, Inc. IV (NYSE:DMYQ) (“dMY IV”), a special purpose acquisition company, was approved by dMY IV’s stockholders at its special meeting held on December 3, 2021.

Approximately 99% of the votes cast at the meeting on the business combination proposal voted to approve the transaction.

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Planet To Acquire VanderSat To Deliver Advanced Agriculture Data Products To Customers

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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. 

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Planet Announces Virtual Investor Day

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SAN FRANCISCO (Planet Labs PR) — Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, today announced that it will host a Virtual Investor Day on November 18th starting at 11:00 am Eastern Time / 8:00 am Pacific Time. 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.

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Planet Announces Effectiveness of dMY IV’s S-4 Registration Statement

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Special Meeting of dMY Technology Group, Inc. IV Stockholders to Approve Business Combination, Scheduled for December 3rd, 2021

Upon Closing, the Combined Company’s Common Stock and Warrants are Expected to Trade on the New York Stock Exchange Under the Tickers “PL” and “PL WS”, respectively

SAN FRANCISCO, November 08, 2021 (Planet Labs PR)–Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, today announced that, on November 5, 2021, the Securities and Exchange Commission (“SEC”) declared effective the Registration Statement on Form S-4 (“Registration Statement”) in connection with its proposed business combination (the “Business Combination”) with dMY Technology Group, Inc. IV, a publicly traded special purpose acquisition company (NYSE: DMYQ) (“dMY IV”).

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Bloomberg Philanthropies, Partners Announce Carbon Mapper Accelerator Program

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Carbon Mapper

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.

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Planet And DMY IV Announce Upsized PIPE – Additional $50 Million From CPP Investments

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  • 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.

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Planet Reports Second Quarter Financial Results and Reaffirms Full Year Outlook

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  • 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
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Planet Signs Multi-Year, Multi-Launch Rideshare Agreement With SpaceX

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Falcon 9 launches the Transporter-2 mission. (Credit: SpaceX)

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.

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Planet to Become Publicly Traded Company through Merger with dMY IV

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  • 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.

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KSAT, Planet, and Airbus Awarded First-Ever Global Contract to Combat Deforestation

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Global map showing the extent of monthly Planet Basemaps to be provided through the partnership for tropical forest monitoring. (Credit: Planet Labs)

KSAT will together with partners Planet and Airbus deliver satellite-based optical imagery for deforestation monitoring and control to Norway’s International Climate and Forest Initiative (NICFI) in a 4 year Groundbreaking agreement.

TROMSO, Norway (KSAT PR) — Norway’s Ministry of Climate and Environment has awarded an international contract to KSAT who together with Planet, and Airbus provide universal access to high-resolution satellite monitoring of the tropics in order to support efforts to stop deforestation and save the world’s tropical forests. The contract is valued up to 405M NOK (~$43.5M, ~37M €). 

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Soyuz Rocket Launches 73 Satellites in One Flight

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Soyuz-2 launch (Credit: Roskosmos)

A Russian Soyuz-2 rocket deployed 48 Planet Dove and eight Spire Lemur CubeSats on Friday during a flight that deployed a total of 73 satellites.

The Dove and Lemur satellites were secondary payloads on the launch, whose main mission was to deploy the Kanopus-V-IK remote sensing satellite.

Planet co-founder Will Marshall tweeted that all 48 satellites were deployed as planned and were in contact with ground controllers.

The Soyuz also launched three Cicero radio occultation satellites for GeoOptics and two Corvus-BC imaging CubeSats for Astro Digital.  Both companies are based in the United States.

In addition to Russia and the United States, the 72 secondary satellites came from Canada, Germany Japan, and Norway.











PSLV Launches 88 Planet Dove Satellites

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In February 2014, Planet Labs Inc. launched its first flock of Dove nanosatellites into space. Shown are two shoebox-sized Doves being ejected into low-Earth orbit from the International Space Station. The company’s goal is for the flock to take a high-resolution snapshot of nearly the entire globe every 24 hours. (Credit: NASA)

SAN FRANCISCO (Planet PR) — Today Planet successfully launched 88 Dove satellites to orbit—the largest satellite constellation ever to reach orbit. This is not just a launch (or a world record, for that matter!); for our team this is a major milestone. With these satellites in orbit, Planet will reach its Mission 1: the ability to image all of Earth’s landmass every day.

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