Planet Labs (NYSE: PL) is a publicly traded Satellites & Earth Observation company founded in 2010 and based in San Francisco, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Dec 7, 2021 | IPO (SPAC) | $545M | $2.8B | — |
Planet Labs reported Q2 FY2027 revenue of $116.1 million, up 58% YoY, a record quarterly result. GAAP net loss narrowed to $9.4 million from $22.6 million YoY; adjusted EBITDA profit grew to $13.9 million from $6.4 million. GAAP gross margin was 57% (58% YoY); non-GAAP gross margin declined to 59% from 61%. The company shipped Tanager-2 and 18 SuperDove satellites to Vandenberg for launch and deployed the Pelican-11 demo satellite. Major contract wins included $8M NGA OTA award, a 5-year German government tender (€25M max value), and Rwanda Space Agency's first African national program. Recurring ACV reached 98%. Cash and equivalents grew 219% YoY to $865.4M. For Q3 FY2027, the company guides revenue of $101–105M and adjusted EBITDA loss of ($6)–($1)M. FY2027 guidance: revenue $430–441M and adjusted EBITDA profit $3–10M.
Q3 FY2027 revenue $101–105M, adjusted EBITDA loss ($6)–($1)M; FY2027 revenue $430–441M, adjusted EBITDA profit $3–10M
PlanetScope is Planet's flagship dataset, produced by its constellation of Dove cubesats that together image Earth's entire landmass every day at roughly 3-meter resolution. The continuous daily feed lets customers in agriculture, government, mapping, forestry, and finance monitor change over time rather than buying one-off images. Planet pioneered using large flocks of small, low-cost satellites for commercial imaging, and PlanetScope remains the backbone of its subscription analytics business, feeding both raw imagery and derived data products.
SkySat is Planet's high-resolution, taskable satellite constellation, delivering roughly 50-centimeter imagery and video that customers can task on demand to capture a specific location multiple times per day. Where PlanetScope provides broad daily coverage, SkySat is used when fine detail and rapid revisit of a particular site matter, such as monitoring construction, infrastructure, ports, or defense activity. The constellation complements Planet's wide-area Dove fleet, giving customers both a daily global basemap and zoom-in tasking capability within one platform.
Tanager is Planet's hyperspectral satellite line, beginning with Tanager-1, launched in August 2024 using an imaging spectrometer developed by NASA's Jet Propulsion Laboratory. Built for the philanthropy-backed Carbon Mapper coalition, Tanager measures hundreds of spectral bands to pinpoint methane and carbon-dioxide super-emitters from individual facilities worldwide, supporting emissions reduction. The hyperspectral data also has applications in mineralogy, agriculture, and environmental monitoring, extending Planet beyond visible imaging into chemical-composition sensing from orbit.
3 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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