JSAT signs a $230M agreement with Planet for ten Pelican satellites

Planet Labs/Pelican

Japan's SKY Perfect JSAT signed a $230 million commercial agreement with Planet Labs for Pelican high-resolution imaging satellites. The deal, Plant's largest commercial contract to date, involves Planet building and delivering the satellites and securing dedicated capacity for JSAT, with Planet providing operational services over approximately seven years.

• $230 million agreement value—Planet's largest commercial contract to date.
• Pelican satellites: high-resolution imaging; Planet builds, delivers, and operates.
• Arrangement: JSAT owns satellites with dedicated capacity secured; Planet provides operational services.
• Revenue recognition over ~7 years (build and operational service period).