Planet Labs Pbc · NYSE:PL
Planet Labs Pbc — Planet Labs — SPAC Merger (July 2021)
17 slides from Planet Labs Pbc's SPAC merger presentation, Jul 9, 2021
Slide 1: Satellite company Planet is going public via SPAC
AXIOS Sections Local news About Axico Sign up Satellite company Planet is going public via SPAC Manfraststher S in The satellite company Planet announced Wednesday that it’s planning to go public via a special purpose acquisition company (SPAC).
Slide 2: Satellite operator Planet to go public in $2.8B SPAC merger
Why it matters Planet operates the largest fleet of Earth-observing satellites with more than too spacecraft taking photos of the world each day What’s happening Planet expects the deal to be closed in the last quarter of this year, and the company to be valued at about 128 billion . According to Pl
Slide 3: Planet going public in merger with dMY Technology Group IV
Planet, which operates a network of around 200 satellites that provides Earth imaging as well as analysis of the data derived from that observation, is going public in a morgor with special purpose acquisition company (SPAC) MY Technology Group N The deal has a post-transaction equity value of $2.8
Slide 4: Satellite imagery company Planet Labs is going public
5 things to k before the stock market opens Wednesday 5. Satellite imagery company Planet Labs is going public plan Satellite imagery and dara specialist Planet Labs is preparing to go pobilie, merging SPAC in a deal with backing from Alphaber’s Google MackRock and Salesforce co-founder Marc Benioff
Slide 5: Planet Labs Strikes a SPAC Deal at $2.8 Billion Valuation
Hyperdrive Planet Labs Strikes a SPAC Deal at $2.8 Billion Valuation The startup, which operates a network of satellites that photograph daily happenings on Earth, is the latest private space company to go public. By Ashlee Vance July 7, 2021, 5.00 AM CDT Planet Labs Inc. which uses a network of sat
Slide 6: Doves satellites and daily imaging capacity
Because the Doves are smaller than traditional imaging satellites, they cannot take pictures at the highest resolutions. Still, Planet is able to manufacture and replace its devices faster than the traditional players, which lets it update the hardware with the latest optical and computing technolog
Slide 7: Planet Labs going public, backed by Google, BlackRock and Marc Benioff
Satellite imagery company Planet Labs is going public, backed by Google, BlackRock and Marc Benioff KEY POINTS Sette imagery and data special Planet Labe is preparing to go public merging with SPAC in a deal backing from Google BlackRock, and Mare Be is merging with special purpose equation company
Slide 8: Planet CEO on decision to go public via SPAC merger
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Slide 9: Planet deal expected to raise funds including $200 million PIPE
3 Steps To Tell A Slot is Close To Hitting The Jackpot plane Counder and CEO wa Marshall The deal is expected to raise $4.3-4 million in total for Planet, including a $200 million PIPE round-or private investment in public equity-led by BlackRock and joined by Google, Koch, and Mare Benef’s TIME Ven
Slide 10: A data subscription business
Satellogic, and Momentus expected to follow in the coming months. A data subscription business Planet has launched 462 satellites to date, and its current orbital fleet features 21 satellites that can capture imagery at a 50 centimeter resolution and about 120 that can capture imagery at a near thre
Slide 11: Highly diversified and differentiated revenue base
The company’s imagery then feeds into a data index that Planet says makes the Earth “searchable” for its more than 600 customers. Planet’s customer contracts are set up as subscriptions, with 90% of those recurring annual contracts. Its existing revenue is largely split between four sectors: Civil a
Slide 12: Planet as a data business, $113 million revenue
“Analytics are foundational to the biggest trillion dollar trends happening in the global economy with digital transformation of various industries,” Marshall said. “You can’t manage what you can’t measure.” He analogized Planet as a data business, rather than a satellite company, in the same way as
Slide 13: Planet Labs launches $2.8bn deal in latest SPAC
Planet Labs launches $2.8bn deal in latest spac Spac Earth imaging company hopes to capitalise on demand for data to measure environmental and social goals A Planet Labs satellite image of Fiery Cross Reet, one of China’s artificial islands in the South China Sex Planet Labs Tim Bradshaw in London Y
Slide 14: Deal expected to give combined business $2.8bn equity value
The deal is expected to give the combined business an equity value of about $2.8bn when it closes in the fourth quarter of 2021. The deal includes a $200m private investment in public equity, or Pipe financing, led by clients of BlackRock, as well as Google, Salesforce founder Marc Benioff’s Time Ve
Slide 15: Planet is the latest space-related SPAC
Planet is the latest Spac related to space, after recent multibillion-dollar deals involving Rocket Lab, which builds rockets, and Spire, another maker of small satellites to track Earth data, were launched in March. One of the earliest of the current flurry of Spac transactions saw Virgin Galactic
Slide 16: A data business, not a satellite business
“We are fully a data business at this point, not a satellite business,” said Marshall, likening Planet’s products to a “Bloomberg terminal for Earth data”. MUTTERSS as close to the White House in Washington D Planet Labs Rows of crags in Brazil, The near infrained and red i The company generates mos
Slide 17: Additional Information and Where to Find It
by Niccolo De Masi, a former executive at mobile and gaming companies, and Harry You, a veteran of enterprise technology and professional services companies such as EMC, Accenture and Oracle. As a private company, Planet had raised about $380m from investors including DFJ and Founders Fund. Addition