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Planet Labs PBC (PL) is a leading Earth-imaging company, specializing in providing high-resolution satellite data. Founded in 2010 by a team of former NASA scientists, the company’s mission is to image the entire Earth every day and make these changes visible, accessible, and actionable.
Starting as a small group of physicists, aerospace, and mechanical engineers working from a garage, Planet Labs pioneered the use of the CubeSat form factor. Their first designs led to the creation of the Dove satellite. Within just three years of launching their first satellite, Planet Labs now operates the largest constellation of Earth-imaging satellites ever deployed.
The company's fleet of satellites collects a radical new data set with endless real-world applications. Whether it’s measuring agricultural yields, monitoring natural resources, or aiding first responders during natural disasters, Planet Labs' data provides crucial support to businesses and humanitarian organizations alike.
Planet Labs is committed to empowering informed, deliberate, and meaningful stewardship of our planet through timely, global imagery. Their innovative satellite technology offers daily insights that aid in understanding the physical world and taking action based on those insights.
Recent achievements include expanding their satellite constellation, forming strategic partnerships with key industry players, and continually improving their data services. The company's innovative approach and robust satellite network enable it to deliver unmatched imaging capabilities.
For more details and the latest updates, visit their website at Planet Labs. You can also follow them on social media: Twitter and Facebook.
Planet Labs PBC (NYSE: PL) has unveiled details regarding its new hyperspectral satellite constellation, Tanager, developed via a unique public-private partnership with the Carbon Mapper Coalition. The Tanager satellites will deliver hyperspectral data at 30-meter resolution across over 400 spectral bands. This initiative aims to enhance Planet's existing dataset and support applications in various industries, including agriculture and environmental monitoring, by identifying trends and mitigating risks. The first two satellites are set for launch in 2023.
Planet Labs PBC (NYSE: PL) has secured a multi-year contract with the Taylor Geospatial Institute (TGI) at Saint Louis University, marking its largest direct university engagement. This partnership will grant TGI access to Planet’s extensive satellite data to address global challenges in food security, national security, and geospatial science. The collaboration includes eight universities and over 100,000 students and faculty. This move aligns with recent investments in geospatial capabilities in the St. Louis area, fostering innovation and enabling future leaders in geospatial science.
Planet Labs PBC (NYSE: PL) reported record revenue of $48.5 million for the second quarter, a 59% increase year-over-year, with GAAP gross margin rising to 48% from 35%.
The company raised its full-year revenue guidance to reflect 42% growth at the midpoint. The substantial increase in net dollar retention rate to 125% indicates strong demand for Planet's data solutions, with a customer count climbing by 17% to 855 customers.
Planet Labs PBC (NYSE: PL) announced participation in key investor conferences, including RBC Capital Markets and Piper Sandler on September 14, 2022, and the Morgan Stanley Laguna Conference on September 15, 2022. Additionally, Vice President Mike Safyan will be part of a panel discussing commercial space opportunities at an Aerospace & Defense event in Los Angeles on the same day. Planet is renowned for its daily satellite imagery and geospatial solutions, supporting over 800 global clients.
Planet Labs PBC (NYSE: PL) has been selected as a subcontractor by SES Government Solutions and Telesat Government Solutions to assist in developing real-time connectivity solutions for NASA’s Communication Services Project (CSP). This collaboration aims to leverage low Earth orbit (LEO) satellites for enhanced space communication capabilities, aligning with NASA's future needs. Planet's commitment to accelerate R&D in satellite communication and its strong relationship with NASA positions it for potential growth in the space technology sector.
Planet Labs PBC (NYSE: PL) is collaborating with Global Heritage Fund and University College London to protect Ukrainian cultural heritage impacted by the Russo-Ukrainian war. This initiative maps and quantifies damage to heritage sites, which has seen over 165 sites affected since the conflict began. Utilizing Planet's satellite imagery, the project aims to create a digital inventory for reconstruction and preservation efforts. Funded partly by the International Alliance for the Protection of Heritage in Conflict Areas, this project provides valuable data for future heritage conservation strategies.
Planet Labs PBC (NYSE: PL) plans to release its fiscal Q2 2023 financial results, covering the period ending
Planet Labs PBC (NYSE: PL) has signed a new contract with the National Oceanic and Atmospheric Administration (NOAA) to enhance monitoring of environmental hazards like oil spills and illegal fishing. Utilizing PlanetScope and SkySat satellite imagery, NOAA can evaluate oil spill locations and marine vessel activities. This collaboration enables near-daily updates over a 35,000 sq km area in the Gulf of Mexico, enhancing situational awareness and data accuracy for marine conservation efforts.
Planet Labs PBC (NYSE:PL) has completed a successful pilot program with Organic Valley, utilizing satellite technology to measure pasture health on dairy farms. Initially implemented on 20 farms, the program is expanding to 100 farms this year, aiming to improve pasture utilization by at least 20%. The collaboration emphasizes sustainability, allowing farmers to access detailed vegetation data and enhance their farming practices. Planet's services aim to streamline farming operations, providing efficient monitoring that saves time and improves decision-making for sustainable agriculture.
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