44 SuperDove Satellites Successfully Launch on SpaceX Falcon 9 Rocket
Planet Labs has successfully launched its 4x Flock, comprising 44 SuperDove satellites, using a SpaceX Falcon 9 rocket. The company established contact with all satellites shortly after deployment, maintaining a 100% connection record. These satellites will enhance Planet's fleet of around 200, increasing the total launched to 127 with SpaceX. Planet's technology delivers daily insights into Earth's resources, backed by 1,700 images on average for every land area. The firm aims to leverage its expansive satellite fleet to meet customer needs in various sectors.
- Successful launch of 44 SuperDove satellites increases operational capacity.
- Maintained a 100% contact rate with launched satellites.
- Expansion of satellites enhances the PlanetScope product offering.
- Established a multi-year, multi-launch rideshare agreement with SpaceX.
- Operating expenses expected to increase substantially for the foreseeable future.
- Market for Planet's products is still developing, posing growth uncertainties.
- Significant competition in the satellite imagery market may impact performance.
These 44 satellites will join Planet’s existing fleet of roughly 200 satellites in orbit. Planet has now launched 127 satellites across eight launches with
Planet’s constellations provide daily insights about the Earth’s resources and global events. With the latest addition of 44 SuperDove satellites, the company’s PlanetScope product will continue to offer customers satellite data captured from the latest and strongest technology. Planet uses just-in-time manufacturing to ensure it can continually innovate the technology onboard their spacecraft before shipment to the launch site.
Planet has built and launched the largest fleet of Earth observation satellites in history. Its fleet of both medium- and high-resolution satellites has collected an unprecedented amount of earth observation data over the last 10 years, creating a deep stack of 1,700 images on average for every spot on the Earth’s landmass. This allows Planet’s customers to not only get the most up-to-date image of their preferred area of interest, but also gives them an extensive set of training data to build artificial intelligence models on.
About Planet
Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the
Forward-looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether Flock 4x will successfully replenish Planet’s existing SuperDove fleet; and the capabilities of Flock 4x. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s limited operating history making it difficult to predict its future operating results; Planet’s expectations that its operating expenses will increase substantially for the foreseeable future; whether the market for Planet’s products and services that is built upon our data set, which has not existing before, will grow as expected; whether current customers or prospective customers adopt Planet’s platform; whether Planet will be able to compete effectively with the increasing competition in its market from commercial entities and governments; Planet’s international operations creating business and economic risks that could impact its operations and financial results; the interruption or failure of Planet’s satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit its ability to perform our daily operations effectively and provide its products and services; whether Planet experiences any adverse events, such as delayed launches, launch failures, its satellites failing to reach their planned orbital locations, its satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; Planet’s satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of its constellation of satellites having restrained capacity; if Planet is unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of Planet’s key personnel, or its failure to attract, hire, retain and train other highly qualified personnel in the future; Planet’s ability to raise adequate capital, including on acceptable terms, to finance its business strategies; the impact Planet’s indebtedness has on its ability to raise additional capital to fund operations, operate its business and react to changes in the economy or its industry; how rules and regulations in Planet’s highly regulated industry may impact its business; if Planet fails to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-1 filed by Planet with the
About Planet
Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the
Forward-looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether Flock 4x will successfully replenish Planet’s existing SuperDove fleet; and the capabilities of Flock 4x. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s limited operating history making it difficult to predict its future operating results; Planet’s expectations that its operating expenses will increase substantially for the foreseeable future; whether the market for Planet’s products and services that is built upon our data set, which has not existing before, will grow as expected; whether current customers or prospective customers adopt Planet’s platform; whether Planet will be able to compete effectively with the increasing competition in its market from commercial entities and governments; Planet’s international operations creating business and economic risks that could impact its operations and financial results; the interruption or failure of Planet’s satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit its ability to perform our daily operations effectively and provide its products and services; whether Planet experiences any adverse events, such as delayed launches, launch failures, its satellites failing to reach their planned orbital locations, its satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; Planet’s satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of its constellation of satellites having restrained capacity; if Planet is unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of Planet’s key personnel, or its failure to attract, hire, retain and train other highly qualified personnel in the future; Planet’s ability to raise adequate capital, including on acceptable terms, to finance its business strategies; the impact Planet’s indebtedness has on its ability to raise additional capital to fund operations, operate its business and react to changes in the economy or its industry; how rules and regulations in Planet’s highly regulated industry may impact its business; if Planet fails to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-1 filed by Planet with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005953/en/
Investor
Cleo Palmer-Poroner
ir@planet.com
Press
comms@planet.com
Planet-SVC@sardverb.com
Source: Planet
FAQ
What was the recent launch by Planet Labs (PL)?
How many satellites has Planet Labs launched in total?
What is the significance of the 4x Flock launch for Planet Labs (PL)?
What technology does Planet Labs use for their satellites?
What challenges does Planet Labs (PL) face post-launch?
