Planet Labs PBC (NYSE: PL has signed a seven-figure contract expansion with a U.S.-allied International Government Agency for SkySat high resolution satellite data.
Planet’s SkySat fleet offers multiple revisits per day of any location on the globe with up to 50 centimeter resolution imagery. Over time, SkySats will be replenished with Planet’s next-generation, high-resolution fleet, Pelican, which is designed to further increase revisit rates and image resolution, while also reducing latency and speeding customer time to insights. The first Pelican tech demo, launched in November of 2023, continues to perform well.
Additionally, last month Planet announced that it is collaborating with NVIDIA on its onboard processing capabilities for its high-resolution Pelican-2 satellite. Through this collaboration, Planet will leverage the NVIDIA Jetson edge AI platform for its next-generation high-resolution mission and fly the technology on its Pelican-2 satellite, set to launch later this year. Leveraging recent advances in AI, Planet expects this collaboration to support shorter time to value for customers across government and commercial markets.
“Global customer demand for high resolution satellite data continues to grow, fueled by heightened security needs and increased climate disaster risk,” said Will Marshall, Planet’s Chief Executive Officer and Co-Founder. “Our SkySat fleet provides organizations with a powerful combination of high frequency, low latency, high resolution data, enabling greater understanding of critical events around the world. The ability to enable considerably faster alerting of various types of events around the world has the potential to unlock entirely new use cases for customers.“