Space Insider’s Post

Planet has secured a $230 million contract with an undisclosed Asia-Pacific company to expand its Pelican satellite constellation, its largest deal to date, according to CNBC. The multi-year contract funds the construction and operation of satellites, giving the customer exclusive regional access while allowing Planet to license data elsewhere. “It is a momentum-building event. … It’s both our biggest deal ever and it’s a significant step for us into this satellite services business,” Planet CEO Will Marshall told CNBC. Planet expects the deal to boost revenue starting in fiscal 2026, with payments spread over seven years, as it accelerates the deployment of up to 32 next-generation Pelican satellites. https://hubs.la/Q034HGy00 #SatelliteInnovation #SpaceTech #EarthObservation

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