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 Q1 FY2027 revenue of $94.2 million, up 42% year-over-year, driven by U.S. government contracts (NGA, Navy renewals) and international government customers including Sweden's first sovereign reconnaissance satellite. Gross margin declined to 54% from 55% YoY; non-GAAP gross margin was 56% versus 59%. Net loss of $138.9 million primarily reflected a $106.5 million unrealized loss from warrant liability revaluations—warrant redemption in the quarter eliminated this volatility going forward. Adjusted EBITDA was negative $1.0 million versus positive $1.2 million. Backlog grew 72% YoY to $906 million, with 99% of ACV recurring. Company raised full-year FY2027 revenue guidance to $425–441 million and non-GAAP gross margin guidance of 52–54%, signaling confidence in sustained government and commercial demand.
Full-year FY2027 revenue $425–441M; non-GAAP gross margin 52–54%; adjusted EBITDA $0–10M

Planet Labs partners with HEO to integrate SkySat constellation into HEO's non-Earth imaging sensor network, expanding it to 50+ in-space sensors.

HEO partners with Planet Labs to use Planet's satellite constellation for non-Earth imaging of objects in orbit.

An industry analysis argues cheaper launch shifts the engineering bottleneck from mass constraints to surface-area constraints for spacecraft design.
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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