Planet is a high-growth subscription-based business, producing 25 terabytes of data every day for its portfolio of over 600 customers.<\/p>\n
As its merger with dMY Technology Group, Inc. IV (DMYQ)<\/a> is imminent, we\u2019ll take a closer look at what makes Planet such an attractive and promising buy. <\/p>\n Planet Labs styles itself as \u201cthe Bloomberg Terminal\u201d for Earth observation data, providing mission critical information for companies and organizations operating in fields as diverse as the Defense & Intelligence industry, the agricultural sector, finance and insurance, forestry and civil administration.<\/p>\n The company was established in 2010 by a group of former NASA employees, and quickly gained a first-mover advantage in the space. Planet is now a vertically integrated Earth observation and remote sensing outfit, and not only operates, makes and designs it own satellites but also processes the information it collects to generate workable analytic and image data to its growing base of clients.<\/strong><\/p>\n At its most fundamental level, the field of Earth observation<\/a> involves bringing together information about the planet’s biological, chemical and physical systems, usually using remote sensing devices such as imaging and other kinds of satellites.<\/p>\n These technologies enable experts to parse the data they glean from these devices to monitor and assess changes in, or the status of, varying different environments, whether they be manmade or natural.<\/p>\n To carry out its work, Planet has put together the world\u2019s largest constellation of satellites, pioneering the concept of \u201cagile aerospace\u201d, in which the company is able to rapidly map the vast daily changes across the globe, getting data out quickly to its users as and when it’s needed. <\/p>\n Where the company\u2019s competitors built up a suite of expensive, bespoke satellites, Planet instead focused its fleet on Dove satellites, which provide lower resolution data, but which are able to compensate by having an always-on, broad-area monitoring capability<\/strong>, and can generate high re-visit rates during their monitoring cycle.<\/p>\n In addition to these cheaper, smaller satellites, Planet also has a group of SkySat satellites that gathers higher quality 50cm resolution, with plans to enhance its image capabilities to 35cm in the coming year.<\/p>\n Given Planet\u2019s decade-long presence in the space – and the particular nature of the industry it\u2019s operating in – the company also enjoys a robust business moat, reinforced by its large proprietary data archive and its agile space missions<\/strong>.<\/p>\n For rivals just establishing themselves in the Earth observation field, Planet\u2019s first mover advantage in this regard is almost impossible to replicate.<\/p>\n Source: Unsplash<\/em><\/p>\n Planet Lab\u2019s consolidated revenue has been increasing by a compound annual growth rate of 27% since 2016<\/a>, and it has a substantial market opportunity in the environmental, social and governance (ESG) space. <\/p>\n The company estimates that its total addressable market (TAM) by 2027 could be worth up to $129 billion. Planet\u2019s Satellite Data Services would account for $19 billion of this, but it\u2019s the multi-trillion dollar global economic shifts in Digital and Sustainability Transformation that really promises to be the big revenue generator for Planet in the future.<\/strong><\/p>\nPlanet.com: The Bloomberg Terminal For Earth<\/h2>\n
Planet Has A Robust Moat<\/h2>\n
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<\/h2>\nValuation and TAM<\/h2>\n
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