Planet Labs revenue increased by 46% year-over-year from $131.21 million to $191.26 million as the company forecast higher revenue over the next 12 months.

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.

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.

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).

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.

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. 

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.

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”).

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.

• 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.