Planet Labs Secures €240M Deal for Satellite Services with German Government

Planet Labs Germany has been awarded a €240 million deal by the German government to provide satellite services in support of European peace and security. The agreement includes dedicated capacity on Pelican satellites, access to PlanetScope and SkySat data, and AI-enabled solutions for situational awareness and maritime domain awareness. The deal aims to provide high-resolution imagery and timely intelligence to support European peace and security efforts.

Planet Labs Germany GmbH has been awarded a multi-year €240 million contract by the German government to provide satellite services in support of European peace and security. This significant agreement, announced on July 1, 2025 [1], underscores the company's commitment to delivering advanced space-based capabilities to bolster regional stability.

The contract includes dedicated capacity on Pelican satellites, access to PlanetScope and SkySat data, and AI-enabled solutions for enhanced situational awareness and maritime domain awareness. This deal aims to provide high-resolution imagery and timely intelligence to support European peace and security efforts.

Planet Labs Germany GmbH, based in Berlin, will leverage its extensive experience and technological prowess to meet the evolving needs of its customers. The company's unique satellite services model offers a cost-effective and efficient way for customers to gain access to advanced space-based capabilities without the operational complexities of building and maintaining their own satellite infrastructure.

"We are incredibly proud to expand our vital collaboration with Germany as they rapidly enhance and bolster regional peace and stability," said Will Marshall, CEO and Co-Founder of Planet Labs Germany GmbH. "With the changing geopolitical landscape, the demand for sovereign access to geospatial intelligence is more urgent than ever before, and Planet's satellite services model is uniquely designed to enable large area security monitoring. With over 600 Earth imaging satellites built and deployed, and its agile aerospace approach, Planet’s unparalleled experience empowers customers to achieve their critical monitoring needs for peace and security with confidence, quickly and cost effectively."

This strategic initiative underscores Planet's commitment to delivering high-performance satellite solutions that meet the evolving needs and increasing demand of its global network of customers. Planet is uniquely equipped to deliver on the 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.

The contract will leverage satellites already under development, with Planet expecting 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].

This deal 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.

References:
[1] https://www.businesswire.com/news/home/20250701149801/en/Planet-Awarded-%E2%82%AC240-Million-Satellite-Services-Deal
[2] https://www.stocktitan.net/news/PL/planet-awarded-240-million-satellite-services-dmehzuzl9sby.html