May 27, 2017 3:14 AM ET

Aerospace and Defense

Company Overview of Planet Labs Inc.

Company Overview

Planet Labs Inc., a space and analytics company, provides information about the changing planet. The company operates a fleet of earth imaging satellites to frequently image the entire planet and provide open access to that information. Planet Labs Inc. was formerly known as Cosmogia, Inc. The company was incorporated in 2010 and is based in San Francisco, California.

490 2nd Street

Suite 101

San Francisco, CA 94107-1419

United States

Founded in 2010

Phone:

415-655-9083

Key Executives for Planet Labs Inc.

Compensation as of Fiscal Year 2016.

Planet Labs Inc. Key Developments

Planet Labs Inc. Wins $1 Million Federal Contract

Army Contracting Command (Department of the Army) has awarded a $1,000,000 federal contract to Planet Labs Inc. for "Micro-Satellite and Advanced Analytics".

Alphabet Reportedly In Advance Talks To Sell Terra Bella For Around $300 million

Alphabet Inc. (NasdaqGS:GOOGL) is in advance talks to sell Terra Bella to Planet Labs Inc. or The Climate Corporation. Sources tell TechCrunch that Alphabet is in advanced discussions to sell its Terra Bella satellite business to Planet Labs. Alphabet also considered a sale to at least one other company, Monsanto’s Climate Corporation, for around $300 million. TechCrunch sources say that the deal is in progress and have provided other details. The transaction, one source said, is “essentially already done” and will involve employees as well as satellite assets. We’ve not heard a firm price. Aside from the $300 million figure we heard, another described Terra Bella as essentially being “donated” to Planet. Both Alphabet and Planet Labs declined to comment. Climate Corporation response is awaited.

Alphabet Reportedly In Talks To Sell Terra Bella To Planet Labs

Alphabet Inc. (NasdaqGS:GOOGL) (Google Inc.) is in talks to sell its satellite business to Planet Labs Inc., according to people familiar with the talks. The sale of its satellite-imagery unit, Terra Bella would be a rapid about-face for Google, which has recently shed some of its bolder ventures. Google bought the company for $500 million in 2014, when it was known as Skybox Imaging, Inc. Discussions about the possible acquisition, which were first reported by Bloomberg News on January 9, 2017, are focused on a possible cash plus equity deal, the people said. Planet is seeking to raise funds to help finance the deal and pay for continuing operations, one of the people said.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
February 2, 2017
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