Planet Awarded as a Subcontractor for $95M California Satellite Data Purchase Program

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced it was selected as the primary subcontractor for the California Air Resource Board’s (CARB) Satellite Data Purchase Program (SDPP). The $95M SDPP multi-year contract was awarded to Carbon Mapper with Planet as a subcontractor to provide the state of California with methane data built upon Tanager hyperspectral collections, and other Planet data products. SDPP will primarily utilize Planet data to identify and track methane emissions in California and worldwide.

SDPP represents a cost-effective and powerful coalition between California, Carbon Mapper, Planet, and philanthropic partners. The partnership brings together cutting-edge commercial technology, government-led R&D, and smart policy making to deliver an affordable and advanced solution to taxpayers and commercial markets. This initiative also helps sectors from oil and gas to agriculture to become more efficient and waste less, showcasing the partnership's commitment to both economic and environmental benefits.

Tanager-1 was launched in August 2024 and Planet plans to launch Tanager 2, 3 and 4, growing its hyperspectral constellation to four satellites. Following Pelican-1’s launch in November 2023, Tanager-1 is the second Planet satellite to successfully integrate the company’s Smallsat platform, which utilizes a vertically-integrated satellite bus and Planet’s global mission control network.

The Tanager smallsat-powered constellation is intended to provide some of the most comprehensive and up-to-date hyperspectral data, which is critical for a diverse set of customers across applications like detecting methane and carbon emissions, defense and intelligence monitoring, agriculture, biodiversity, and water quality assessments. By providing high-frequency, global satellite imagery and multi-spectral data, Planet provides a critical layer of information that improves timely situational awareness, enabling early threat detection, better resource management, and more informed decision-making.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to approximately 1,000 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly Twitter) or tune in to HBO's ‘Wild Wild Space’.

Forward-looking Statements

Certain statements contained in this press release are “forward-looking statements” about Planet within the meaning of the securities laws, including statements about Planet’s strategic partnerships, the expansion of the high resolution capacity of Planet’s fleet and the delivery of such capacity to Planet customers, Planet’s future growth in new and existing markets, Planet’s development of other satellites and connectivity solutions and Planet’s ability to scale to meet customer and partner demand. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Planet’s filings with the Securities and Exchange Commission. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.