Observed Signal · Jun 4, 2026 · Market Signal · Source: Planet · Impact: 4/5
Fiscal First Quarter 2027 Earnings Presentation Released
Planet Labs PBC released its Fiscal First Quarter 2027 earnings presentation on June 4, 2026, replacing the previous Fiscal Fourth Quarter 2026 presentation. Additionally, new press releases include Planet Opens London Office (July 20, 2026), Planet Launches Pelican-11 Satellite (July 7, 2026), and Wolfgang Schmidt joins European Advisory Board (July 6, 2026).
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Planet Launches Suncatcher, Tanager-2, and 18 SuperDove Satellites
Planet announced the launch of Suncatcher, Tanager-2, and 18 SuperDove satellites, along with several other major announcements including a landmark German federal contract, a new AI tool for the Amazon, and a 7-figure defense agreement.
Google to send TPUs to space with Planet
Google has provided an update on Project Suncatcher, its initiative to put AI compute in space. In collaboration with satellite imaging company Planet, Google will send some of its Trillium TPUs to orbit on the SpaceX Transporter-18 rideshare mission. The company has conducted stress tests, confirming the chips can withstand radiation doses beyond a five-year mission requirement. Cooling in the vacuum of space remains a challenge. This move reflects the growing energy and space demands of AI training and inference, potentially shifting significant compute operations off-planet.
Google's AI Chips Head to Orbit on SpaceX Rideshare
Google is preparing to launch its first satellite carrying its in-house Trillium TPUs into orbit via SpaceX's Transporter-18 rideshare mission on October 1, 2026, as part of 'Project Suncatcher'. The solar-powered prototype, built with Planet, will test the chips' resilience to space conditions like radiation and vibration. Leveraging near-constant sunlight for up to eight times more solar power than on Earth, Google aims to address AI's growing energy demands. A peer-reviewed white paper predicts SpaceX's Starship would need about 1,800 launches over the next decade to achieve cost-effectiveness, with launch costs potentially dropping to $200 per kilogram by 2035. Despite skepticism from industry experts about feasibility, Google plans further tests in 2027 with laser-linked satellite clusters. SpaceX, in which Alphabet holds a stake valued at over $82 billion, is also pursuing its own orbital data centers by 2027, having acquired xAI and filed for up to a million satellites.
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