11 Facts About Planet Labs

Planet Labs PBC is an American public Earth imaging company based in San Francisco, California.

In July of 2021 Planet Labs announced that they plan to become a public company and list on the New York Stock Exchange through a merger with the SPAC DMY Technology Group Inc IV.

Planet Labs expected it to take the next few years until they get to cashflow breakeven, funding their operations with $200 million from the aforementioned $500 million .

At the time of the merger, Planet Labs aimed to be profitable on an adjusted EBITDA basis by early 2025, and to grow its annual revenue to nearly $700 million by early 2026.

Planet Labs was founded in 2010 as Cosmogia by former NASA scientists Chris Boshuizen, Will Marshall, and Robbie Schingler.

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Planet Labs launched two demonstration CubeSats, Dove 1 and Dove 2, in April 2013.

Planet Labs planned to launch a total of 131 satellites by mid-2015.

In July 2015, Planet Labs acquired BlackBridge and its RapidEye constellation.

In July 2018, Planet Labs laid off somewhat less than ten percent of its workforce.

Planet Labs acquired the satellites with their purchase of Terra Bella, a Mountain View, California-based company founded in 2009 by Dan Berkenstock, Julian Mann, John Fenwick, and Ching-Yu Hu, from Google in 2017.

In 2020, Planet Labs lowered their constellation of 15 SkySats from an altitude of 500 kilometers to 450 kilometers to improve the resolution of orthorectified imagery from 80 centimeters to 50 centimeters per pixel.