Welcome to our dedicated page for Planet Labs PBC news (Ticker: PL), a resource for investors and traders seeking the latest updates and insights on Planet Labs PBC stock.
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.
The Carbon Mapper Coalition has successfully launched Tanager-1, its first satellite, into orbit. Developed by Planet Labs (NYSE: PL) with NASA's Jet Propulsion Laboratory technology, Tanager-1 aims to pinpoint methane and CO2 super-emitters globally. This satellite is part of a public-private partnership to drive transparency and action on emissions reduction.
Tanager-1's unique capabilities allow it to detect methane super-emitters that emit >100 kg/hour across fossil fuel, waste, and agriculture sectors. The satellite will provide high-resolution observations to empower industry, policymakers, and civil society to reduce emissions at the source. Carbon Mapper plans to make this data publicly available on its online portal, advancing transparency and accountability in emissions reduction efforts.
Planet Labs PBC (NYSE:PL) has successfully launched its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves into orbit during SpaceX's Transporter-11 Rideshare mission. The launch took place on August 16, 2024, from Vandenberg Space Force Base. Tanager-1, developed in collaboration with NASA's Jet Propulsion Laboratory (JPL) and the Carbon Mapper Coalition, aims to detect and track methane and CO2 super-emitters to support direct mitigation action.
The satellite combines Planet's smallsat bus technology with JPL's advanced imaging spectrometer. Future Tanager imagery will be analyzed for methane and CO2 source detection, while Planet will commercialize the hyperspectral data for various applications. The 36 SuperDoves will contribute to Planet's daily global monitoring mission, providing data for defense, intelligence, civil government, and commercial markets.
Planet Labs PBC (NYSE:PL) is set to launch its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves on SpaceX's Transporter-11 Rideshare mission on August 16, 2024. Tanager-1, part of the Carbon Mapper Coalition, will add over 400 spectral bands of data to Planet's capabilities, enabling detection of phenomena invisible to the human eye. The satellite combines Planet's smallsat technology with NASA JPL's imaging spectrometer design.
The launch will also include 36 SuperDoves contributing to Planet's daily global monitoring mission. Tanager-1's hyperspectral data will be commercially available for applications in defense, intelligence, biodiversity assessments, mineral mapping, and water quality assessments. This launch marks a significant expansion of Planet's Earth observation capabilities and its commitment to making global change visible and actionable.
Planet Labs PBC (NYSE: PL) hosted its 'Planet On The Road' conference in Bogotá, Colombia, showcasing major customers and partners from Central and South America. The event highlighted how satellite data and AI are being used for sustainable development, law enforcement, disaster response, and Amazon forest protection.
Key highlights include:
- Bolivia's INRA using Planet Insights Platform for land management and carbon emissions compliance
- Colombia's IGAC providing access to PlanetScope and Planet Basemaps for efficient land-use planning
- Microsoft's Project Guacamaya using AI and Planet imagery for biodiversity protection
- Brazil's MAIS program leveraging Planet data to combat illegal deforestation, collecting over $3 billion in fines since 2020
- Applications in agriculture, disaster response, and proactive disaster management across Latin America
Planet Labs PBC (NYSE: PL) has announced that the Kingdom of Bahrain is using their SkySat data to enhance urban planning initiatives. In collaboration with Aetosky, Planet has implemented an advanced urban planning system integrating AI-enabled change detection with high-resolution satellite imagery. This system covers 850 sq kilometers and provides biweekly updates on developments, infrastructure changes, and environmental alterations.
The system has increased the effectiveness of building permit validation activities and enables the automatic extraction and analysis of changes across the entire country. This innovative approach supports smart city planning, sustainable development, and efficient resource allocation. The Survey and Land Registration Bureau (SLRB) now serves as a centralized data hub, supporting various government departments in areas such as environmental monitoring, transportation, and municipal response.
Planet Labs PBC (NYSE: PL) has partnered with BeZero Carbon, a global ratings agency for carbon markets, to enhance carbon market risk management. BeZero is utilizing Planet's Forest Carbon Diligence product, which provides global 30-m time series data on tree height, canopy cover, and forest carbon stocks. This data is improving BeZero's methodologies for forest project monitoring.
Planet is set to release its Forest Carbon Monitoring product later this year, offering 3-m resolution satellite-derived forest data at an individual tree level. BeZero has exclusive early access to this product. Additionally, BeZero has integrated Planet's quarterly Basemaps into its ratings platform, enabling side-by-side comparisons of carbon projects dating back to 2016.
This collaboration aims to provide sustainability leaders with data-backed insights for carbon crediting and financing decisions, leveraging Planet's extensive satellite imagery and BeZero's analytics capabilities.
Planet Labs PBC (NYSE:PL), a leading provider of daily Earth data and insights, has announced the release date for its fiscal second quarter 2025 financial results. The company will disclose its earnings for the quarter ending July 31, 2024, after market close on Thursday, September 5, 2024. Following the release, Planet's management will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT to discuss the financial results and business outlook.
Investors and interested parties can access the live webcast through Planet's Investor Relations website (investors.planet.com). The webcast will be archived and available for replay approximately two hours after the event concludes. Pre-registration links for both the webcast and dial-in options have been provided for attendees.
SynMax, a geospatial analytics company, has been awarded a pilot project for maritime automated analytics by the National Geospatial-Intelligence Agency (NGA). The project will utilize Theia, SynMax's advanced Maritime Domain Awareness (MDA) tool, which integrates comprehensive maritime data from Planet Labs PBC (NYSE: PL) and over ten other sources, powered by SynMax AI.
Theia's capabilities in detecting, tracking, and analyzing maritime activities in near real-time will undergo rigorous testing and evaluation during the NGA pilot. This collaboration marks a significant advancement in MDA technology, aiming to enhance national security and maritime safety through actionable intelligence derived from advanced intelligence fusion.
Planet Labs PBC (NYSE: PL) has extended its contract with the Taylor Geospatial Institute (TGI) through 2026, marking Planet's largest direct university engagement. The multi-year agreement allows TGI, a geospatial research consortium of eight leading universities and research centers, to access Planet's PlanetScope data, SkySat data, and Planetary Variable analytic products. This partnership enables TGI to conduct research on national security, global food security, and advance geospatial science, computation, and AI initiatives. The collaboration also supports TGI's mission to train the next generation of geospatial workforce. Planet's CEO, Will Marshall, emphasized the importance of providing powerful datasets to accelerate critical research, while TGI's executive director, Nadine Alameh, highlighted the partnership's significance for their strategic initiatives on global food security and GeoAI.
Planet Labs PBC (NYSE: PL) has secured a seven-figure contract expansion with a US-allied International Government Agency for SkySat high-resolution satellite data. The company's CEO, Will Marshall, highlighted the growing global demand for high-resolution satellite data due to increased security needs and climate disaster risks. Planet's SkySat fleet offers multiple daily revisits of any location worldwide with up to 50-centimeter resolution imagery.
Planet is developing its next-generation high-resolution fleet, Pelican, to enhance revisit rates, image resolution, and reduce latency. The company is also collaborating with NVIDIA to improve onboard processing capabilities for its Pelican-2 satellite, leveraging the NVIDIA Jetson edge AI platform. This collaboration aims to support faster time to value for customers across government and commercial markets.
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