PL
Another government customer walks in
Planet Labs Germany says it signed a 2-year, seven-figure agreement with the Greek government to support Greece’s National Satellite Space Project. The deal runs through the European Space Agency on behalf of the Hellenic Ministry of Digital Governance and the Hellenic Space Center.
What’s actually being sold?
This isn’t some vague “strategic collaboration” meant to sound impressive in a press release. Planet says the contract includes near-daily medium-resolution imagery and high-resolution tasking, which is basically the data equivalent of having a really good overhead camera with a very fast refresh rate.
Why investors care
For Planet, deals like this matter because they show the company can keep turning satellite data into recurring government revenue — not just selling a cool space story. And because the contract is already worth seven figures over two years, it adds a bit of visibility to the revenue puzzle.
Big picture
If you’re looking for the boring-but-beautiful part of the space economy, this is it: governments need data, Planet has data, and somebody’s paying real money for the privilege.