From Georgia's Marshes To Borneo's Rainforests: NASA Taps Into Planet Labs' 50 Petabyte Imagery Treasure
Portfolio Pulse from Akanksha Bakshi
Planet Labs (NYSE:PL) has announced that NASA has extended its Blanket Purchase Agreement under the Commercial SmallSat Data Acquisition (CSDA) Program. The extension includes multiple orders totaling $18.5 million in funding, available through 2024. The partnership allows federally funded researchers and federal civilian agency personnel to access Planet's 50 petabyte collection of PlanetScope imagery for scientific and Earth science applications.
September 29, 2023 | 3:29 pm
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Planet Labs' partnership with NASA has been extended, providing $18.5 million in funding through 2024. This allows access to Planet's extensive PlanetScope imagery collection.
The extension of the partnership with NASA, which includes multiple orders totaling $18.5 million, is a positive development for Planet Labs. This not only provides a significant amount of funding but also validates the value of Planet's PlanetScope imagery collection. This could potentially lead to increased demand for Planet's services and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100