Space SPAC Index: Falcon 9 Launches 47 Payloads for SPAC Companies on Rideshare Mission

Falcon 9 Transporter-6 launch on Jan. 3, 2023. (Credit: SpaceX webcast)

Happy New Year to all and welcome to the first S-SPACi of 2023.

SpaceX started off the year with a boom on Tuesday with the launch of its Transporter-6 rideshare mission from Cape Canaveral in Florida. The Falcon 9 first stage booster touched down on land instead of an off-shore drone ship, sending a sonic boom echoing across the Sunshine State.

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Planet Labs Reports Higher Third Quarter Revenue, But Profitability Remains a Challenge

Planet Labs reported third quarter earnings of $9.7 million that were up 57% over the same period last year, and forecast revenues for the year would be up 45 percent to $188-$192 million.

Profitability, however, remains a challenge for the Earth observation company. Planet reported a net quarterly loss of $40.2 million, down slightly from $41.5 million in the third quarter of 2021. Net loss for the first nine months of 2022 was $124.1 million, compared with $91.2 million for the same period last year.

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Planet to Provide Real-Time Data and Connectivity Solutions for NASA’s CSP

Planet Selected as Subcontractor for SES Government Solutions and Telesat Government Solutions to Help Build Real-time Connectivity Solutions

SAN FRANCISCO (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that it has been selected by two companies, SES Government Solutions and Telesat Government Solutions, to demonstrate real-time space-to-space connectivity solutions from LEO satellites to other in-space communication satellites operated by SES and Telesat for NASA’s Communication Services Project, or “CSP”.

With NASA’s plans to decommission its owned and operated satellites which are a part of the Tracking and Data Relay Satellite System (TDRSS) in the coming years, the agency will evaluate the feasibility of commercial networks to reliably support future near-Earth missions. As part of Planet’s involvement in CSP, Planet will accelerate its R&D for near-Earth space communication capabilities on its future earth-observation satellites. Planet will work to demonstrate its state-of-the art communication technology stack involving real-time satellite connectivity for NASA’s CSP, with the goal of further building its relationship with the agency and enabling low latency solutions for Planet customers.

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Global Heritage Fund Leveraging Planet SkySat to Protect the Cultural Fabric of Ukraine

SAN FRANCISCO (Planet Labs PR)Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its work supporting efforts to protect cultural heritage in Ukraine with Global Heritage Fund, a California based non-profit that transforms local communities by investing in cultural heritage to advance economic development.

UNESCO reported in July 2022 that over 165 Ukrainian heritage sites have been damaged since the onset of the Russo-Ukrainian war. As the Russo-Ukrainian War continues to impact Ukrainian cities, Global Heritage Fund is teaming up with University College London (UCL) to map cultural heritage site destruction using Planet imagery.

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NOAA Contracts with Planet to Gain Situational Awareness of Oil Spills, Marine Debris, and Marine Life

SAN FRANCISCO (Planet Labs PBC PR)Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new contract with the National Oceanic and Atmospheric Administration (NOAA). The organization is leveraging Planet’s PlanetScope and SkySat products to evaluate oil spills, track marine debris, detect vessels, and identify large marine mammals like whales.

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Planet Signs Contract to Provide German Federal Agencies With Daily Satellite Imagery

Applications range from crisis management, civil and public safety support to environmental and nature conservation as well as forest and agricultural monitoring

BERLIN & SAN FRANCISCO (Planet Labs PBC PR) — Planet Labs PBC, a leading provider of daily data and insights about Earth, today announced that its wholly owned subsidiary, Planet Labs Germany GmbH, has signed a new contract with the German Federal Agency for Cartography and Geodesy (BKG) to provide the agency with daily, high-resolution satellite data for crisis response, environmental and nature conservation, as well as forest and agricultural monitoring. Access to Planet’s satellite data will help the BKG promote public and civil safety throughout the Federal Republic of Germany. The collaboration was launched in November 2021 and is now being expanded following a successful trial period.

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TurbineHub and Planet Labs PBC Partner to Provide US Wind Energy Insights for the Asset and Investment Management Communities

VAIL, Colo. (TurbineHub PR) — TurbineHub‘s United States, wind-energy-focused data and geospatial SaaS, today announced the availability of Planet Labs PBC’s (Planet /NYSE: PL) medium resolution satellite data through TurbineHub’s service. Planet is a leading provider of global, near-daily satellite imagery and geospatial solutions. Through TurbineHub’s imagery analysis service, developers can access Planet’s satellite imagery to better inform their wind energy investment decisions.

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Planet Reports Financial Results for First Quarter of Fiscal Year 2023

Continued Acceleration with Record First Quarter Revenue of $40.1 Million

Received Landmark EOCL Award by the U.S. National Reconnaissance Office (NRO)

Expects Revenue Growth Rate to More than Double YoY for FY’23

SAN FRANCISCO (Planet Labs PR) –Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal first quarter for the period ended April 30, 2022, demonstrating accelerated growth and the momentum of its unique data subscription business.

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NRO Announces Commercial Imagery Contracts to BlackSky, Maxar and Planet Worth Billions

CHANTILLY, Va. (NRO PR) — The National Reconnaissance Office (NRO) today announced the results of its largest ever commercial imagery contract effort, awarding Electro-Optical Commercial Layer (EOCL) to BlackSky, Maxar, and Planet. Valued at billions of dollars over the next decade, these contracts mark a historic expansion of the NRO’s acquisition of commercial imagery to meet increasing customer demands with greater capacity than ever before .

“The NRO has a longstanding strategy of ‘buy what we can, build what we must’,” said .Dr. Chris Scolese, director of the NRO. “The diversity offered by our expanding architecture comprised of both commercial and NRO systems increases our resilience and enables an integrated approach to the threats facing our Nation.”

Due to its unclassified and shareable nature, commercial remote sensing data offer important benefits, including increased transparency, mission-critical awareness , and humanitarian assistance. EOCL ‘s unique situational design, featuring user-friendly license agreements and built-in contract flexibility, maximizes shareability across a diverse customer base.

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Planet Joins ESA Third Party Mission Programme for Open Access to High-Frequency, High-Resolution Imagery

BERLIN (Planet Labs PR) — Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Planet’s PlanetScope and SkySat data have joined the European Space Agency (ESA) Third Party Missions portfolio, enabling ESA to utilize Planet data for scientific, research, and pre-operational Earth Observation based applications development. Through distribution under the ESA Earthnet Programme, European researchers, scientists, and companies can access Planet’s high-frequency, high-resolution satellite data for non-commercial use.

Initiated in 1976, the ESA Earthnet Programme is a “Network for the Earth,” with the purpose of building an Earth Observation science community to acquire and share knowledge of our planet. Within this program, Planet joins more than 50 other missions owned by commercial or public organizations to add near-daily PlanetScope imagery, 50 cm SkySat imagery, and RapidEye archive data to this global network. In 2019, Planet entered into an agreement with ESA to evaluate making Planet’s data from its high-resolution constellation available as a Third Party Mission.

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Planet Unveils Details About Next-generation Pelican Satellite Constellation

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)

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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Planet Launches Next Generation PlanetScope With Eight Spectral Bands And Quality Improvements

SAN FRANCISCO (Planet Labs PR) — Today we announced the general availability of the next generation of our PlanetScope Monitoring product, offering high quality, analysis-ready data to all existing PlanetScope customers. While previously offering four spectral bands, PlanetScope will now include eight spectral bands in addition to a series of enhancements, providing our customers with richer, cleaner, and more consistent data to empower deeper analysis of Earth’s changing conditions.

“Planet is focused on delivering the most timely and accurate data possible to our customers. We are excited about this release because we know it empowers customers to enhance their analyses and decision-making with robust, global-scale data. Our customers and partners will use the new features to power analytics and solutions across broad industries,” said Planet VP of Product Imagery Jim Thomason.

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Galactic Unite Black Leaders in Aerospace Scholarship and Training Program First Cohort Announced

Credit: Virgin Galactic

LAS CRUCES, NM (Virgin Galactic PR) — Virgin Galactic today announced the first students to be awarded scholarships in the Galactic Unite Black Leaders in Aerospace Scholarship and Training (BLAST) program.

BLAST is a scholarship, mentoring and fellowship program for college Sophomore through to Senior year Black scholars pursuing STEM education with a focus on aerospace in the U.S.

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