Planet secured a $230M contract to build up to 32 satellites for an Asia-Pacific partner.

Satellite company Planet secured a $230 million contract, its largest deal yet, to build up to 32 Pelican satellites for a commercial partner in the Asia-Pacific region. The partner will get dedicated access to the satellites in their region, while Planet will license data for the rest of the world. The deal covers construction and a five-year operation period, with Planet's shares rising after the announcement.

2 months ago
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