Google sells satellite imaging business Terra Bella to Planet Labs

Alphabet Inc’s (GOOGL.O) Google said on Friday it would sell its satellite imaging business, Terra Bella, to Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists.

The financial terms of the deal were not disclosed.

As part of the deal, Planet Labs will acquire the Terra Bella business including the SkySat constellation of satellites, Alphabet said. bit.ly/2kqmTfL

Google will enter into a multi-year contract to purchase Earth-imaging data from Planet Labs after the deal closes.

Google had acquired Terra Bella, originally known as Skybox Imaging, for $500 million in 2014.

The deal will help Planet Labs broaden its available data and add new customers.

Planet Labs is one of several startups aiming to harness technology allowing satellites to become smaller and less expensive, making it easier to deploy large networks of satellites at less risk and lower cost than previously.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s