Mentioned:
The German government is ramping up their commitment to national security. And they’re partnering with a publicly traded company to do it.
What’s happening:
- Planet Labs (NYSE: PL) has landed a new €240M contract from the German government to use their satellites in specific regions of Europe for national security
Why it matters:
- The new deal from the German government is the single largest contract Planet Labs has ever won since inception of the company
Going deeper:
- Planet Labs will provide the German government with access to their high resolution Pelican satellites that will provide data focused on protecting specific regions of land and the ocean within Europe
- Planet Labs currently has more than 600 satellites deployed for the purpose of Earth imaging throughout the world
The intrigue:
- Planet Labs also recently made waves when they formed a new partnership with artificial intelligence company Anthropic to leverage large language models for better understanding geospatial satellite imagery
