Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced a multi-launch agreement with Stoke Space Technologies, Inc., a developer of fully and rapidly reusable launch vehicles, to provide expanded launch capacity for Planet’s constellation fleet.
Under the agreement, Planet receives primary payload rights, granting critical scheduling flexibility to specify launch dates and target orbital planes for its payloads. The missions will launch aboard Stoke Space’s fully reusable vehicle, Nova, from Cape Canaveral’s Space Launch Complex 14 (SLC-14), the historic launch site known for sending John Glenn into orbit as the first American to orbit the Earth in 1962.
“We are proud to partner with Planet, an industry pioneer that has led by example in growing and evolving commercial space,” said Stoke CEO Andy Lapsa. “Providing dependable, customer-driven launch services is at the core of what we are building at Stoke.”
According to this morning’s news release, “The multi-launch agreement supports Planet's long-term launch strategy to ensure continual constellation maintenance and expansion. Planet continues to build and maintain a diversified portfolio of launch providers.
“Spanning emerging innovators and established players both in the U.S. and internationally, Planet is committed to ensuring steady and persistent access to orbit as it expands its constellations to meet growing customer demand.”
PL barreled ahead $1.73, or 13.8%, to $14.28.
