CORRECTING and REPLACING PHOTO Planet’s Pelican-12 Satellite Arrives at Launch Site

SAN FRANCISCO--(BUSINESS WIRE)--Sep 25, 2026--

Please replace the photo with the accompanying corrected photo.

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PLANET’S PELICAN-12 SATELLITE ARRIVES AT LAUNCH SITE

Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced that Pelican-12, an updated second generation (Gen 2) high resolution Pelican™, has arrived at the Cape Canaveral Space Force Station in Florida ahead of its launch aboard the upcoming Bandwagon-5 rideshare mission with SpaceX.

Pelican-12 leverages key learnings from Pelican-11, which launched in July. Shipping less than three months later with updates to the payload and communication systems, Pelican-12 demonstrates Planet's end-to-end agile engineering. Like its predecessors, Pelican-12 will allow Planet to test and validate new technologies ahead of integration on future Planet spacecraft.

Planet is working to test commercial data relay services onboard its constellations to minimize latency in its delivery of data to customers. This Pelican satellite is designed to support intersatellite communications using a steerable antenna, and aims to enable two-way communications at higher data rates than the 1 Mbps achieved in an initial demonstration in 2025.

While Planet’s first generation (Gen 1) Pelicans are designed to capture 50 cm class imagery, Gen 2 Pelicans are designed to provide up to 30 cm class imagery - further improving use cases such as agricultural monitoring, critical infrastructure management, and natural disaster response. Pelican-12 is also equipped with the NVIDIA Jetson platform to accelerate on-orbit edge compute, a capability Planet demonstrated by running AI-driven, near real-time object detection onboard Pelican-4. By utilizing its onboard NVIDIA Jetson module, Pelican-12 will help Planet explore new ways to close the latency gap with real-time insights, reduce downlink costs, and continue building towards a future of planetary-scale Earth intelligence.

Pelican-12 will be the fifth Pelican to launch in 2026, showing the rapid expansion of this next-generation, high-resolution constellation. Planet is continuing to scale its Pelican production capacity, with manufacturing at its expanded Berlin facility set to begin this year. Planet plans to launch additional Pelican spacecraft in 2027 to continue to meet growing customer demand for Planet’s high-resolution data products and Satellite Services offerings.

To learn more about Planet’s Pelican constellations and capabilities, visit https://www.planet.com/constellations/pelican/.

About Planet Labs PBC

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest commercial Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to customers comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X, LinkedIn, or tune in to HBO’s ‘Wild Wild Space’.

Forward-looking Statements

Certain statements contained in this press release are “forward-looking statements” about Planet within the meaning of the securities laws, including statements about the expansion of the high resolution capacity of Planet’s fleet, the delivery of such capacity to Planet customers, and the Company’s ability to realize any of the potential benefits from product and satellite launches, either as designed, within the expected time frame, in a cost-effective manner, or at all. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements, including risks related to the macroeconomic environment. Such factors are detailed in Planet’s filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Planet does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.

Pelican-12 photographed at Planet Labs' San Francisco headquarters ahead of its departure to the Cape Canaveral Space Force Station in Florida.

WASHINGTON (AP) — President Donald Trump is canceling nearly $1 billion in spending approved by Congress, the White House announced on Friday, using a rare and contested power to axe funding for immigrant services and diversity-focused initiatives.

Trump's Office of Management and Budget described the funding cut as focused on “the most harmful government spending.”

Most of the cuts are focused on services for immigrants, including nonprofits that serve refugees and unaccompanied minors accused of being in the country illegally. The administration says the funds are no longer necessary because illegal border crossings have diminished considerably.

A White House press release announcing the funding rescissions notes that some of the organizations are led by people who worked in the administration of Democratic President Barack Obama.

Trump’s move was condemned by Sen. Susan Collins, a Republican in a tough re-election campaign and chair of the Senate Appropriations Committee.

Collins said in a statement that the action came without warning or consultation. She also said she would work to address with colleagues “these illegal actions.”

“Not only is the delay itself an impoundment that was not reported to Congress, but also it is a usurpation of Congress’s appropriations powers,” Collins said. “OMB is an agency of the executive branch. It does not get to decide which programs are worth funding."

Typically, Congress can review the president’s proposed spending cuts before they take effect. But Trump made that all but impossible by announcing them with just five days left in the federal fiscal year. The Government Accountability Office says the maneuver, known as a “pocket rescission,” is illegal.

Collins called it the latest attempt by OMB to “undermine Congress’s Constitutional power of the purse.”

A year ago, Trump issued a pocket rescission for the first time in 50 years by blocking $4.9 billion in congressionally approved foreign aid. The U.S. Supreme Court declined to block those rescissions, saying that Trump’s authority over foreign affairs weighed heavily in its decision. This year, Trump is targeting domestic spending.

The use of a pocket rescission fits part a broader pattern by the Trump administration to exact greater control over the U.S. government, eroding the power of Congress.

The administration has also fired federal workers, imposed a historic increase in tariffs, and started the war in Iran without going through Congress, putting the burden on the judicial branch to determine the limits of presidential power.

The U.S. Capitol is seen Friday, Sept. 25, 2026, in Washington. (AP Photo/Mariam Zuhaib)

Sen. Susan Collins, R-Maine, responds to reporters about the confirmation hearing for Heidi Overton, President Donald Trump's pick to lead the Food and Drug Administration, at the Capitol in Washington, Thursday, Sept. 24, 2026. (AP Photo/J. Scott Applewhite)

FILE - The U.S. flag flies in font of the Capitol, on June 8, 2026, in Washington. (AP Photo/Mariam Zuhaib, File)

President Donald Trump speaks during an arrival ceremony with China's President Xi Jinping in the Grand Foyer of the White House, Thursday, Sept. 24, 2026, in Washington. (AP Photo/Jacquelyn Martin)