• 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

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.

• 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.

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 €). 

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 […]

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.

(more…)