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Planet Labs signs $230 million satellite deal with unidentified Asian-Pacific partner

  • Planet Labs signed a $230 million contract to build Pelican satellites for an unnamed customer in the Asia-Pacific region, marking its biggest deal yet.
  • The contract will be paid over seven years and includes satellite delivery expected in 2026, expanding Planet's services beyond data offerings.
  • Planet aims to deploy up to 32 Pelican satellites, enhancing its capabilities in the satellite services market, according to CEO Will Marshall.
  • The deal reflects growing demand for dedicated satellite capabilities from foreign governments, as noted by Marshall.
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