Latest news with #CopernicusContributingMissions
Yahoo
30-01-2025
- Business
- Yahoo
Planet Labs Gains On Multi-Year Deal With European Space Agency
Planet Labs (NYSE:PL) shares are trading higher premarket on Wednesday. On Tuesday, the company's subsidiary Planet Labs Germany GmbH inked a multi-year agreement with the European Space Agency (ESA). As per the deal, Planet will become part of the Copernicus Contributing Missions, supplying commercial satellite data alongside ESA's Sentinel satellites to support Copernicus services. Planet's near-daily PlanetScope imagery and high-resolution SkySat data will complement ESA's existing satellite data, enhancing the capabilities available to geospatial analysts. The partnership reflects ESA's commitment to diversifying its data portfolio by integrating emerging commercial data from New Space companies. Massimiliano Vitale, Planet Senior Vice President of Tasking Products, said, 'Europe has demonstrated global leadership in Earth observation innovation, and we're thrilled to see their continued investment in commercial space companies from the region.' Before securing this contract, Planet had collaborated with ESA for a decade, contributing to both the Copernicus program and the ESA Third Party Mission initiative. Last month, Planet Labs reported third-quarter adjusted losses of two cents per share and revenue of $61.26 million, up from $55.38 million from the same period last year. Price Action: PL shares are up 6.78% at $5.83 premarket at the last check Wednesday. Read Next:Photo by rafapress via Shutterstock. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PLANET LABS (PL): Free Stock Analysis Report This article Planet Labs Gains On Multi-Year Deal With European Space Agency originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Planet Signs Deal with European Space Agency (ESA), Joining the Copernicus Contributing Missions
SAN FRANCISCO, January 28, 2025--(BUSINESS WIRE)--Planet Labs Germany GmbH, a leading provider of daily data and insights about Earth, today announced that they have signed a multi-year contract with the European Space Agency (ESA). Through this contract, Planet joins the Copernicus Contributing Missions, officially contributing commercial satellite data alongside ESA's Sentinel satellite data to the Copernicus services. Through this contract, Planet's near-daily PlanetScope satellite imagery and high-resolution SkySat imagery will serve as complementary data to ESA's existing, robust data offerings, ensuring geospatial analysts can meet their broad range of data needs. This deal highlights how ESA has expanded its data portfolio with diverse, emerging commercial data provided by New Space companies. "We have a long history of working with ESA, and we're honored to continue to support the Copernicus Program as a Contributing Mission with our PlanetScope and SkySat constellations," said Massimiliano Vitale, Planet Senior Vice President of Tasking Products. "Europe has demonstrated global leadership in Earth observation innovation, and we're thrilled to see their continued investment in commercial space companies from the region." Prior to this contract, Planet has worked in collaboration with ESA for a decade, contributing to both Copernicus and the ESA Third Party Mission programme, supporting novel scientific research and the development of new commercial services through the ESA Earthnet Programme. Through this, researchers and innovative companies located in the territory of ESA and the European Commission Member States were able to leverage Planet's PlanetScope, SkySat, and RapidEye imagery for a range of disciplines, including land use monitoring and climate change research. Planet Planet Labs PBC (NYSE: PL) is the parent company of the Planet group with global headquarters in San Francisco, USA. Planet Labs Germany GmbH is part of the Planet group and is based at Planet's European headquarters in Berlin. 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 over 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 Labs PBC is listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (Twitter). View source version on Contacts Planet PressLauren Neville Cottrellcomms@ Planet Investor RelationsCleo Palmer-Poronerir@
