Planet says it can deliver sovereign satellites in months

Transcript

Transcribed by machine (Whisper) from the episode’s audio, so a word may be off here and there.

1. 25:32

   So there's increased demand globally. There's also increased sensitivity globally, and this brings in new national security concerns, especially with satellites. Why are satellites so sensitive and such sensitive assets? And what can you compare that to if someone took down a satellite well in many ways satellites are like the sensors of countries they are acting as their eyes and their ears and obviously it's very threatening if you say hey i'm going to take out your eyes and your ears you can't suddenly you're suddenly blind the u.s for example gets its early warning of missile attacks from space that's how it knows if north korea is sending a missile this way. It's missiles with GPS and then there's all this civilian infrastructure that's now dependent on it. You use your maps, you use your iPhone,

2. 26:24

   you're gonna be using GPS. You pay for a credit card, you're gonna be using GPS. You look at those Google Maps, you have satellite layer, you're using satellites. You use the weather report, you're using satellites. People don't realize how much it's baked into our lives today. So it also underpins a lot of our economy. The space economy is a few hundred billion a year, but the dependencies amount to much more than that. And so countries' security depends on it and their economies depend on it in short. As you mentioned earlier, you're scaling across globally and there has been more interest per country. So why has sovereignty increased and what are you seeing? Well, that's the backdrop of the geopolitical fragmentation. U.S. administration has asked other countries to do more in defense and for the U.S. to shift more of the burden to others. And in doing that, a lot of

3. 27:19

   those other countries, the first thing is, well, I first need to understand the threats in my neighborhood. And how do you do that? Well, satellites, we already just mentioned, are how you get your sensing. It's your eyes and your ears. So one of the first things countries want is that. Now, they look around the world and they go, well, who's produced all the eyes and ears? Well, we produced more earth imaging satellites than any other country company And so they of course we're one of the first people they call and so that is driving a lot of demand right now It's very exciting. We can really help countries with their sovereignty needs We can help them have their own satellites to which pointing where they want them to controlling those satellites, and they get to do that really quickly.

4. 28:04

   In the case of Sweden, we managed to launch the first satellite for them in four months after we signed the contract. Wow. Which, you know, normally in the aerospace industry would have taken five or ten years. We did the same for the one sponsored by Germany in just two months. So we can do really fast, and that is a complete game changer. So, you know, two big things that Planet does that no one else does is the daily scan and the fact that we can launch satellites real fast for people and those two