SKY Perfect JSAT and Planet Labs PBC Partner to Build a $230M Low-Earth Orbit Satellite Constellation 

February 5th, 2025

SKY Perfect JSAT Corporation and Planet Labs PBC (NYSE: PL, announce a collaboration to build a satellite constellation using Planet's next-generation electro optical satellite Pelican*1 (hereinafter “Pelican”).

SKY Perfect JSAT, which has primarily focused on its business using its own geostationary orbit satellites, will invest approximately $230 million to build and own low Earth orbit satellite constellation, thereby fully entering the Earth observation satellite business through JSAT Beyond Innovation LLC, a soon-to-be established entity through SKY Perfect JSAT’s 100% U.S. subsidiary, JSAT International Inc.

 SKY Perfect JSAT expects this new constellation to strengthen its position in the growing defense and intelligence market. Additionally, this constellation will allow them to meet diverse market demands, including in disaster prevention and mitigation. Furthermore, SKY Perfect JSAT will leverage its advanced data analysis capabilities to develop new markets.

 As shared in its announcement*2 last week, under the new commercial agreement, Planet will develop and launch the constellation of new Pelican high resolution satellites for SKY Perfect JSAT. Furthermore, Planet will leverage the increased capacity of the expanded fleet to serve its own government and commercial customers around the world.

 SKY Perfect JSAT and Planet have been collaborating for more than 10 years, primarily in the sale of Planet's observation satellite data within the Japanese market. Through this agreement, SKY Perfect JSAT and Planet will further strengthen their partnership by leveraging Planet’s industry-leading satellite development, manufacturing, and operational capabilities enabling the partners to maximize synergies between the two companies. This new partnership will promote joint business initiatives to further develop their space businesses.