10:43 AM EDT, 09/09/2024 (MT Newswires) -- Planet Labs (PL) said Monday that its Planet Federal subsidiary was selected for the NASA Commercial SmallSat Data Acquisition Program On-Ramp1 multiple award contract, which has a maximum potential value of $476 million for all contractors selected.

The fixed-price, indefinite-delivery/indefinite-quantity contract extends through Nov. 15, 2028 and will cover services to provide commercial data that will support NASA's Earth science research, Planet Labs said.

Shares of Planet Labs were up more than 8% in recent trading.

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