Planet Labs Secures €240 Million Deal for Satellite Services in Europe

Planet Labs Germany GmbH has secured a €240 million deal with the German government to provide satellite services for European peace and security. The agreement includes dedicated capacity on Pelican satellites, access to PlanetScope and SkySat data, and AI-enabled solutions for enhanced situational awareness and maritime domain awareness. The deal will provide high-resolution imagery and timely intelligence via dedicated capacity on Pelican satellites and is set to begin in January 2026.

Planet Labs Germany GmbH, a leading provider of daily data and insights about Earth, has secured a significant €240 million multi-year agreement with the German government. The deal, funded by the German government, aims to bolster European peace and security by providing advanced satellite services. The agreement includes dedicated capacity on Pelican satellites, access to PlanetScope and SkySat data, and AI-enabled solutions for enhanced situational awareness and maritime domain awareness [1][2].

Under the terms of the contract, Planet will deliver high-resolution imagery and timely intelligence via dedicated capacity on Pelican satellites. This satellite services model offers a cost-effective and efficient way for customers to access advanced space-based capabilities without the operational complexities of building and maintaining their own satellite infrastructure. The deal is expected to begin in January 2026, with Planet anticipating revenue recognition starting from that date [1][2].

The agreement underscores Planet's commitment to delivering high-performance satellite solutions that meet the evolving needs of its global customer base. Planet is uniquely equipped to deliver on complex and immediate needs of governments, combining a proven track record of hundreds of operational satellites, efficient satellite manufacturing, and constellation-scale operations to deliver best-in-class capabilities at a competitive price point [1][2].

"With a long history in Germany, Planet Labs Germany GmbH in Berlin proudly serves as our European headquarters," said Martin Polak, Managing Director of Planet Labs Germany GmbH. "Our talented European team plays a crucial role, contributing significantly to the global management of Planet's constellation and driving our extensive business across the EMEA region. This agreement powerfully underscores the unique value we deliver to Germany's long-term security interests. We are proud to deliver the space-based information and tools that Europe urgently needs at this critical time" [1][2].

Building on Planet’s recent and pivotal agreement with NATO, this further solidifies Planet’s position as a trusted and essential partner for customers seeking to bolster their strategic capabilities. These agreements across Europe reflect a global imperative for enhanced daily monitoring, early warning, and responsive space capabilities, as governments navigate a complex and rapidly shifting geopolitical landscape [1][2].

Planet expects to begin recognizing revenue in January 2026, ramping up over several years. As a result, Planet is not updating its previously issued financial guidance for this fiscal year, which was provided on June 4, 2025 [1][2].

References:
[1] https://www.stocktitan.net/news/PL/planet-awarded-240-million-satellite-services-dmehzuzl9sby.html
[2] https://finance.yahoo.com/news/planet-awarded-240-million-satellite-130300321.html