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Balance Sheet Components (Tables) - Planet Labs Inc [Member] | 9 Months Ended | 12 Months Ended
--- | --- | ---
Oct. 31, 2021 | Jan. 31, 2021
Balance Sheet Components [Line Items] |  |
Summary of property, plant and equipment | Property and equipment, net consists of the following:
|  | October 31, |  |  | January 31, |
(in thousands) |  | 2021 |  |  | 2021 |
Satellites* |  | $ | 306,989 |  |  | $ | 302,577 |
Leasehold improvements |  |  | 15,448 |  |  |  | 15,630 |
Ground stations and ground station equipment |  |  | 12,648 |  |  |  | 12,560 |
Office furniture, equipment and fixtures |  |  | 5,077 |  |  |  | 4,995 |
Computer equipment and purchased software |  |  | 8,094 |  |  |  | 7,837 |
Total property and equipment, gross |  |  | 348,256 |  |  |  | 343,599 |
Less: Accumulated depreciation |  |  | (210,245 | ) |  |  | (183,744 | )
Total property and equipment, net |  | $ | 138,011 |  |  | $ | 159,855 |
* | Satellites include $9.1 million and $13.3 million of satellites in process and not in service as of October 31, 2021 and January 31, 2021, respectively.
| Property and equipment, net consists of the following:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Satellites* |  | $ | 302,577 |  |  | $ | 314,097 |
Leasehold improvements |  |  | 15,630 |  |  |  | 15,537 |
Ground stations and ground station equipment |  |  | 12,560 |  |  |  | 12,196 |
Office furniture, equipment and fixtures |  |  | 4,995 |  |  |  | 4,909 |
Computer equipment and purchased software |  |  | 7,837 |  |  |  | 7,588 |
Total property and equipment, gross |  |  | 343,599 |  |  |  | 354,327 |
Less: Accumulated depreciation |  |  | (183,744 | ) |  |  | (167,732 | )
Total property and equipment, net |  | $ | 159,855 |  |  | $ | 186,595 |
* | Satellites include $13.3 million and $48.8 million of satellites in process and not in service as of January 31, 2021 and 2020, respectively.
Summary of long lived assets by geographic areas |  | The Company’s long-lived assets by geographic region are a s follows:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
United States |  | $ | 156,537 |  |  | $ | 184,973 |
Rest of the world |  |  | 3,318 |  |  |  | 1,622 |
Total property and equipment, net |  | $ | 159,855 |  |  | $ | 186,595 |
Schedule of capitalized computer software net | Capitalized internal-use software costs, net of accumulated amortization consists of the following:
|  | October 31, |  |  | January 31, |
(in thousands) |  | 2021 |  |  | 2021 |
Capitalized internal-use software |  | $ | 35,370 |  |  | $ | 32,425 |
Less: Accumulated amortization |  |  | (24,897 | ) |  |  | (20,431 | )
|  | $ | 10,473 |  |  | $ | 11,994 |
| Capitalized internal-use software costs, net of accumulated amortization consists of the following:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Capitalized internal-use software |  | $ | 32,425 |  |  | $ | 28,045 |
Less: Accumulated amortization |  |  | (20,431 | ) |  |  | (13,553 | )
|  | $ | 11,994 |  |  | $ | 14,492 |
Schedule of capitalized computer software future amortization expense |  | Estimated future amortization expense of capitalized internal-use software at January 31, 2021, is as follows:
(in thousands) |  |  |
2022 |  | $ | 5,193 |
2023 |  |  | 2,361 |
2024 |  |  | 2,102 |
2025 |  |  | 1,629 |
2026 |  |  | 709 |
|  | $ | 11,994 |
Schedule of intangible assets and goodwill | Goodwill and Intangible assets consist of the following:
|  | October 31, 2021 |  |  | January 31, 2021 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net Carrying Amount |
Developed technology |  | $ | 8,070 |  |  | $ | (7,311 | ) |  | $ | (9 | ) |  | $ | 750 |  |  | $ | 8,070 |  |  | $ | (6,869 | ) |  | $ | (9 | ) |  | $ | 1,192 |
Image library |  |  | 11,983 |  |  |  | (10,449 | ) |  |  | 44 |  |  |  | 1,578 |  |  |  | 11,430 |  |  |  | (10,203 | ) |  |  | 104 |  |  |  | 1,331 |
Customer relationships |  |  | 3,280 |  |  |  | (2,017 | ) |  |  | 9 |  |  |  | 1,272 |  |  |  | 3,280 |  |  |  | (1,615 | ) |  |  | 9 |  |  |  | 1,674 |
Trade names and other |  |  | 3,755 |  |  |  | (2,562 | ) |  |  | 39 |  |  |  | 1,232 |  |  |  | 3,755 |  |  |  | (2,318 | ) |  |  | 39 |  |  |  | 1,476 |
Total intangible assets |  |  | 27,088 |  |  |  | (22,339 | ) |  |  | 83 |  |  |  | 4,832 |  |  |  | 26,535 |  |  |  | (21,005 | ) |  |  | 143 |  |  |  | 5,673 |
Goodwill |  | $ | 86,587 |  |  | $ | — |  |  | $ | 1,806 |  |  | $ | 88,393 |  |  |  | 86,587 |  |  | $ | — |  |  | $ | 1,806 |  |  | $ | 88,393 |
| Goodwill and Intangible assets consist of the following:
|  | January 31, 2021 |  |  | January 31, 2020 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Foreign Currency Translation |  |  | Net Carrying Amount |
Developed technology |  | $ | 8,070 |  |  | $ | (6,869 | ) |  | $ | (9 | ) |  | $ | 1,192 |  |  | $ | 8,070 |  |  | $ | (6,283 | ) |  | $ | (9 | ) |  | $ | 1,778 |
Image library |  |  | 11,430 |  |  |  | (10,203 | ) |  |  | 104 |  |  |  | 1,331 |  |  |  | 10,756 |  |  |  | (9,400 | ) |  |  | 167 |  |  |  | 1,523 |
Customer relationships |  |  | 3,280 |  |  |  | (1,615 | ) |  |  | 9 |  |  |  | 1,674 |  |  |  | 3,280 |  |  |  | (1,003 | ) |  |  | 8 |  |  |  | 2,285 |
Trade names and other |  |  | 3,755 |  |  |  | (2,318 | ) |  |  | 39 |  |  |  | 1,476 |  |  |  | 3,695 |  |  |  | (1,820 | ) |  |  | 39 |  |  |  | 1,914 |
Total intangible assets |  | $ | 26,535 |  |  | $ | (21,005 | ) |  | $ | 143 |  |  | $ | 5,673 |  |  | $ | 25,801 |  |  | $ | (18,506 | ) |  | $ | 205 |  |  | $ | 7,500 |
Goodwill |  | $ | 86,587 |  |  | $ | — |  |  | $ | 1,806 |  |  | $ | 88,393 |  |  | $ | 86,587 |  |  | $ | — |  |  | $ | 1,806 |  |  | $ | 88,393 |
Schedule of finite lived intangible assets, future amortization expense |  | Estimated future amortization expense of intangible assets at January 31, 2021, is as follows:
(in thousands) |  |  |
2022 |  | $ | 1,848 |
2023 |  |  | 1,579 |
2024 |  |  | 1,509 |
2025 |  |  | 367 |
2026 |  |  | 90 |
Thereafter |  |  | 280 |
|  | $ | 5,673 |
Schedule of goodwill |  | The change in the carrying amount of goodwill during the years ended January 31, 2021 and 2020 is as follows:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Beginning of period |  | $ | 88,393 |  |  | $ | 75,097 |
Acquisition |  |  | — |  |  |  | 13,296 |
End of period |  | $ | 88,393 |  |  | $ | 88,393 |
Summary of Deferred costs, capitalized, prepaid, and other assets | Prepaid expenses and other current assets consist of the following:
|  | October 31, |  |  | January 31, |
(in thousands) |  | 2021 |  |  | 2021 |
R&D funding receivables (1) |  | $ | 7,705 |  |  | $ | — |
Prepaid tax and withholding tax receivables |  |  | 1,030 |  |  |  | 1,761 |
Prepaid satellite launch services |  |  | 2,480 |  |  |  | — |
Deferred commissions |  |  | 1,206 |  |  |  | 1,030 |
Deposits |  |  | 727 |  |  |  | 667 |
Restricted cash |  |  | 309 |  |  |  | 375 |
Other prepayments and receivables |  |  | 5,611 |  |  |  | 3,301 |
Total prepaid expenses and other current assets |  | $ | 19,068 |  |  | $ | 7,134 |
| Prepaid expenses and other current assets consist of the following:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Prepaid tax and withholding tax receivables |  | $ | 1,761 |  |  | $ | 2,641 |
Prepaid satellite launch services |  |  | — |  |  |  | 1,818 |
Deferred commissions |  |  | 1,030 |  |  |  | 1,534 |
Deposits |  |  | 667 |  |  |  | 757 |
Restricted cash |  |  | 375 |  |  |  | 1,576 |
Other prepayments and receivables |  |  | 3,301 |  |  |  | 2,592 |
Total prepaid expenses and other current assets |  | $ | 7,134 |  |  | $ | 10,918 |
Schedule of other assets, noncurrent | Other non-current assets consist of the following:
|  | October 31, |  |  | January 31, |
(in thousands) |  | 2021 |  |  | 2021 |
Deferred offering costs |  | $ | 6,260 |  |  | $ | — |
Deferred commissions |  |  | 1,102 |  |  |  | 1,697 |
Prepaid satellite launch services |  |  | 1,473 |  |  |  | 772 |
Other non-current assets |  |  | 142 |  |  |  | 515 |
Total other non-current assets |  | $ | 8,977 |  |  | $ | 2,984 |
| Other non-current assets consist of the following:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Deferred commissions |  | $ | 1,697 |  |  | $ | 102 |
Prepaid satellite launch services |  |  | 772 |  |  |  | 722 |
Other non-current assets |  |  | 515 |  |  |  | 379 |
Total other non-current assets |  | $ | 2,984 |  |  | $ | 1,203 |
Accounts Payable and Accrued Liabilities Disclosure | Accrued liabilities and other current liabilities consist of the following:
|  | October 31, |  |  | January 31, |
(in thousands) |  | 2021 |  |  | 2021 |
Deferred R&D service liability (1) |  | $ | 13,179 |  |  | $ | 8,208 |
Payroll and related expenses |  |  | 3,873 |  |  |  | 3,229 |
Customer payable (2) |  |  | — |  |  |  | 10,000 |
Deferred hosting costs |  |  | 3,890 |  |  |  | 2,301 |
Deferred rent |  |  | 2,160 |  |  |  | 2,215 |
Deferred offering costs |  |  | 1,129 |  |  |  | — |
Accrued interest payable |  |  | 616 |  |  |  | 616 |
Withholding taxes and other taxes payable |  |  | 967 |  |  |  | 841 |
Other accruals |  |  | 2,828 |  |  |  | 2,785 |
Total accrued and other current liabilities |  | $ | 28,642 |  |  | $ | 30,195 |
(1) | In December 2020, the Company entered into a development services agreement, whereby the Company agreed to provide the technical knowledge and services to design and develop certain prototype satellites and deliver and test early data collected (the “R&D Services Agreement”). The R&D Services Agreement is unrelated to the Company’s ordinary business activities and provides for a fee of $40.2 million, to be paid to the Company as specified milestones are achieved over a three-year period. The Company has discretion in managing the activities under the R&D Services Agreement and retains all developed intellectual property. The Company has no obligation to repay any of the funds received regardless of the outcome of the development work; therefore, the arrangement is accounted for as funded research and development pursuant to ASC 730-20, Research and Development . As ASC 730-20 does not indicate the accounting model for research and development services, the Company determined the total transaction price is taken over the agreement term as a reduction of research and development expenses based on a cost incurred method. Through October 31, 2021, the Company has received $8.3 million under the R&D Services Agreement. As of October 31, 2021, the Company has the contractual right to receive an additional $7.7 million under the R&D Services Agreement, which is included in Prepaid expenses and other current assets. The deferred R&D service liability was $13.2 million and $8.2 million as of October 31, 2021 and January 31, 2021, respectively, which is included in accrued and other current liabilities.
(2) | Customer payable reflects consideration due to a customer as a result of a legal settlement agreement related to a revenue share arrangement. The customer payable was estimated at the inception of the contract and accounted for as a reduction in the customer’s transaction price.
| Accrued liabilities and other current liabilities consist of the following:
|  | January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Deferred R&D service liability (1) |  | $ | 8,208 |  |  | $ | — |
Payroll and related expenses |  |  | 3,229 |  |  |  | 2,248 |
Customer payable (2) |  |  | 10,000 |  |  |  | 7,254 |
Deferred hosting costs |  |  | 2,301 |  |  |  | — |
Deferred rent |  |  | 2,215 |  |  |  | 2,183 |
Accrued interest payable |  |  | 616 |  |  |  | 474 |
Withholding taxes and other taxes payable |  |  | 841 |  |  |  | 1,664 |
Other accruals |  |  | 2,785 |  |  |  | 4,933 |
Total accrued and other current liabilities |  | $ | 30,195 |  |  | $ | 18,756 |
(1) | In December 2020, the Company entered into a development services agreement, whereby the Company agreed to provide the technical knowledge and services to design and develop certain prototype satellites and deliver and test early data collected (the “ R&D Services Agreement ”). The R&D Services Agreement is unrelated to the Company’s ordinary business activities and provides for a fee of $40.2 million, to be paid to the Company as specified milestones are achieved over a three-year period. The Company has discretion in managing the activities under the R&D Services Agreement and retains all developed intellectual property. The Company has no obligation to repay any of the funds received regardless of the outcome of the development work; therefore, the arrangement is accounted for as funded research and development pursuant to ASC 730-20, Research and Development . As ASC 730-20 does not indicate the accounting model for research and development services, the Company determined the total transaction price is taken over the agreement term as a reduction of research and development expenses based on a cost incurred method. During the year ended January 31, 2021, the Company received $8.3 million under the R&D Services Agreement, of which $8.2 million is included in accrued and other current liabilities as of January 31, 2021 as the Company has not yet incurred such costs.
(2) | Customer payable reflects consideration due to a customer as a result of a legal settlement agreement related to a revenue share arrangement. The customer payable was estimated at the inception of the contract and accounted for as a reduction in the customer’s transaction price.

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