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Planet Labs Inc. reported a record second quarter revenue of
Planet has been awarded a contract by NASA under the Commercial SmallSat Data Acquisition Program, allowing access to Planet's data for U.S. Federal Civilian scientific researchers until September 2022. This marks Planet's third year supporting NASA’s CSDA program, which aims to integrate commercial satellite data for climate research. Nearly 300,000 researchers can utilize PlanetScope and RapidEye satellite data for studies on climate change and biodiversity. Planet, founded by former NASA scientists, operates the largest fleet of imaging satellites, capturing over 3 million images daily.
Planet has announced a collaboration with Google Earth to integrate high-resolution data from Norway's NICFI Satellite Data program into Google Earth Engine. This integration will enhance the ability to analyze tropical forest losses and improve global efforts against deforestation. Early-access users are testing real-world applications, with researchers from Wageningen University and the University of Copenhagen planning to use this data for advanced ecological studies. This partnership underscores Planet's commitment to ecological stewardship while enhancing the capabilities of the NICFI community.
Planet has entered a new three-year agreement with Corteva Agriscience to enhance agricultural solutions utilizing satellite data. Over the past four years, both companies have collaborated to improve crop monitoring and productivity. The partnership has expanded Planet's customer base to over 600, with successful technology co-development. Corteva leverages Planet's imagery across multiple regions, driving significant growth in usage. The collaboration focuses on innovation in data collection and application, positioning both companies as leaders in the agriculture sector.
Planet has appointed Nate Gonzalez as VP of Platform Product and Ali Jafari as VP of Corporate Development, enhancing its leadership team as it prepares to go public through a merger with dMY Technology Group, Inc. IV (NYSE: DMYQ). Gonzalez brings experience from Facebook and PayPal, focusing on customer engagement, while Jafari has 20 years in finance and business development, previously with Nextdoor and Twitter. Their expertise is expected to drive growth and innovation as Planet leverages its satellite technology to address global challenges.
Planet Federal, a subsidiary of Planet Labs, has partnered with the USDA's National Agricultural Statistics Service (NASS) to incorporate Planet Basemaps into its data collection processes. This integration aims to improve spatial granularity and timely assessments of the 2021 growing season, enhancing disaster response observations. The merger with dMY Technology Group (NYSE:DMYQ) will transition Planet to a publicly traded company, expanding its reach within the agricultural sector, vital for informed crop management decisions.
Planet has expanded its partnership with Google Cloud to create joint solutions that integrate high-frequency Earth observation data with Google Cloud’s infrastructure. This agreement allows customers to process large data volumes using BigQuery, enhancing decision-making capabilities. Planet recently entered a definitive merger agreement with dMY Technology Group IV (NYSE: DMYQ) to become publicly traded. The collaboration aims to democratize access to satellite data, helping organizations make informed decisions while supporting operational efficiency and compliance.
Planet announces Ita Brennan's appointment to its Board of Directors as an Independent Director, bringing over 20 years of tech experience. This strategic move supports Planet's growth as it merges with dMY Technology Group (NYSE:DMYQ) to become publicly traded. Brennan, currently CFO at Arista Networks, has previously held leadership roles at QuantumScape and Infinera. Her expertise in financial management and technology will enhance Planet's operations as it seeks to expand its data-as-a-service offerings globally. CEO Will Marshall expressed confidence in Brennan's ability to drive the company's mission forward.
Planet has established a multi-year agreement with SpaceX for multiple launches through 2025, solidifying SpaceX as its preferred launch provider. The initial launch under this agreement, Flock 4x, featuring 44 SuperDoves, is scheduled for December 2021. Planet operates the world's largest fleet of remote sensing satellites with 200 in orbit, aiming to enhance high-resolution imagery services. The partnership with SpaceX enables rapid satellite deployment, addressing the growing demand for advanced Earth imagery. Additionally, Planet plans to go public via a merger with dMY Technology Group (NYSE:DMYQ).
Planet has showcased its satellite imagery capabilities through international news coverage regarding China's missile and nuclear weapon developments. Their data was instrumental in identifying over 230 intercontinental ballistic missile silos across 700 square miles in northwestern China, as reported by various news outlets. This reflects Planet's ongoing commitment to transparency and daily Earth observation. Additionally, Planet has finalized a merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ) for public trading, aiming to enhance their mission of delivering actionable insights through satellite technology.