---
schema_version: "secwatch.filing_event.v1"
accession: "0001836833-25-000017"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T07:16:10.912196+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Planet Labs signs $230M multi-year deal to build Pelican satellites for Asia-Pacific partner

## Summary
- $230M agreement with long-standing Asia-Pacific commercial partner to build and deliver Pelican high-res satellites and provide operational services.
- Planet retains capacity on the satellites for its own government and commercial customers; largest contract in company history.
- Revenue recognized over ~7 years; Q4 FY'25 guidance unchanged (Dec 9, 2024); deal expected to be cash flow accretive in FY'26.
- Third strategic space systems partnership in four years, following Tanager (Carbon Mapper) and NASA CSP programs.

## SEC filing metadata
- accession: 0001836833-25-000017
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000183683325000017/0001836833-25-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000183683325000017/pl-20250129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836833-25-000017
- JSON: https://secwatch.observer/filing/0001836833-25-000017.json
- Plain text: https://secwatch.observer/filing/0001836833-25-000017.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.