Flood, NASA, Orbit of the Moon, Earth, Climate change Planet Overview
We’Ve always had the goal of empowering humanity, with imagery of the planet, taken on a more frequent basis to achieve that, we’d have to act differently, agile aerospace, as we called it meant doing away with bulky billion dollar satellites with drawn out launch cycles. Instead we’d design and build our own Music, tiny, inexpensive earth, imaging powerhouses, delivering data on demand now we’re at the point where we can image the entire earth every single day and it’s a new capability that humanity’s never had before our constellation of nearly 200 earth observation. Satellites currently orbiting earth is the largest ever and we’ve amassed a 10 year archive of proprietary data that grows by 15 terabytes every day, creating a search engine for the planet. Google, indexed what’s on the internet and made it searchable. We’Re indexing what’s on the earth and making it searchable to unlock the value in this vast data set we’ve spent a decade building out a platform that uses machine learning to make the data easy to consume, and it allows us to combine information and data to deliver Ever greater capabilities to our customers ever evolving needs businesses today operate faster than ever before. Last month’s data is no longer sufficient. Last week’s data is no longer sufficient. You need today’s data. All of this innovation has resulted in significant barriers to entry which place planet miles ahead of the competition. This is just going to get better and more ubiquitous all the time and there’s a market for it, and planet is a company that’s really at the forefront of all of this Music, and our subscription based business model is unique for the industry allowing planet to serve Data to multiple users across a variety of industries, historically, the way that the industry worked.
Is you had very big, very expensive satellites that only the very wealthiest of countries wealthiest of companies could afford to task and get an image of what might be transpiring? At a point in time and in a very specific place, planet is different because we’ve taken the approach of we want to create a data set that can apply to any industry and any company any government of any size. We operate at very high margin because we’re already capturing the entire earth every single day. The cost of serving each new customer is very low. Little wonder, then, that our data is deployed across a staggering array of applications from farmers seeking higher crop yields to governments needing visibility into urban development and many other applications for businesses that simply demand mission. Critical insights been doing research around precision, agriculture and the promise of precision agriculture planet data and realize that promise we rely on planet skysat, imagery to produce elevation maps that allow us to know how floods are going to move across the floodplain, and so that way we Know who’s in danger and where they can go to be safe. Planet data is really revolutionary to our industry, where never before have we been able to get this daily imagery everywhere on the globe, not only in the major food producing countries where we might have national capacity for earth observation already, but we have this everywhere. The market opportunity for planet’s daily data is enormous and it comes at a time when its urgency cannot be overstated.
The earth is changing more quickly than ever and in ways that are dramatically disrupting economies, society and the environment. Planet’S opportunity is massive. We sit at the center of two of the most important multi trillion dollar trends in the world. Today: digital transformation and sustainability. They affect every company in every industry, and every government around the world planet has built a bloomberg like terminal for earth data.