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Stock Incentive Plans (Tables) - Planet Labs Inc [Member]

9 Months Ended

12 Months Ended

Oct. 31, 2021

Jan. 31, 2021

Stock Incentive Plans [Line Items]

Summary of share based payment arrangement option activity

A summary of stock option activity under the Plan is as follows:

		Options Outstanding
		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Term (Years)				Aggregate Intrinsic Value (in thousands)
Balances at January 31, 2021			25,620,937			$	4.88				7.21
Exercised			(2,749,340	)			9.02
Granted			7,957,396				13.92
Forfeited			(1,767,093	)			5.88
Balances at October 31, 2021			29,061,900			$	6.90				7.17			$	264,080
Vested and exercisable			17,187,395			$	4.56				5.89			$	196,513

A summary of stock option activity under the Plan is as follows:

		Options Outstanding
		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Term (Years)				Aggregate Intrinsic Value (in thousands)
Balances at February 1, 2019			15,684,075			$	3.42				7.07
Exercised			(111,910	)			2.36
Granted			6,876,680				6.01
Forfeited			(2,355,113	)			4.71
Balances at January 31, 2020			20,093,732				4.16				7.13
Exercised			(1,090,700	)			0.49
Granted			8,000,619				6.19
Forfeited			(1,382,714	)			5.45
Balances at January 31, 2021			25,620,937			$	4.88				7.21			$	80,964
Vested and exercisable			15,849,747			$	4.14				6.15			$	61,882

Summary of Share based payment arrangement option exercise price range

A summary of options outstanding and exercisable by price at January 31, 2021 are as follows:

		Options Outstanding								Options Exercisable
Exercise Price		Number of Options				Weighted Average Remaining Contractual Life (in Years)				Number of Options				Weighted Average Remaining Contractual Life (in Years)
$0.00002			48,995				0.64				48,995				0.64
0.014			187,500				0.79				187,500				0.79
0.070			25,000				1.46				25,000				1.46
0.106			545,050				2.58				545,050				2.58
0.856			2,218,795				3.57				2,218,795				3.57
2.768			1,426,495				4.25				1,426,495				4.25
3.102			1,445,855				4.73				1,445,855				4.73
3.560			1,629,030				5.21				1,629,030				5.21
5.234			203,765				6.01				203,765				6.01
5.650			2,334,810				6.40				2,125,470				6.39
5.846			1,802,595				7.59				1,164,672				7.57
6.006			5,907,345				8.52				2,283,987				8.50
6.190			7,845,702				9.4				2,545,133				9.26
			25,620,937								15,849,747

Schedule of share based payment award stock options valuation assumptions

The fair value of the employee stock options granted during the nine months ended October 31, 2021 and 2020 was estimated using the following assumptions:

		Nine Months Ended October 31,
		2021		2020
Weighted-average expected term (years)		2.62 - 7.32		5.08 - 6.65
Expected volatility		42.45% - 48.39%		42.45% - 44.28%
Risk-free interest rate		0.37% - 1.23%		0.31% - 0.46%
Dividend yield		0.00%		0.00%

The fair value of shares vested during the year ended January 31, 2021 was $10.2 million. The fair value of the employee stock options granted during the years ended January 31, 2021 and 2020 was estimated using the following assumptions:

		Year Ended January 31,
		2021				2020
Weighted-average expected term (years)			5.02 - 6.76				5.08 - 6.83
Expected volatility			42.45% - 44.71	%			38.13% - 39.85	%
Risk-free interest rate			0.31% - 0.52	%			1.67% - 2.54	%
Dividend yield			—				—

Share based payment arrangement expensed and capitalized amount

Stock-based compensation expense related to options granted to employees and nonemployees was recognized as follows:

		Nine Months Ended October 31,
(in thousands)		2021				2020
Cost of revenue		$	688			$	585
Research and development			4,582				2,898
Sales and marketing			1,959				1,193
General and administrative			5,904				6,805
Total expense		$	13,133			$	11,481
Capitalized internal-use software development costs			(514	)			(392	)
Total stock-based compensation expense		$	12,619			$	11,089

Stock-based compensation expense related to options granted to employees and nonemployees was recognized as follows:

		Year Ended January 31,
(in thousands)		2021				2020
Cost of revenue		$	843			$	788
Research and development			4,109				2,754
Sales and marketing			1,687				1,234
General and administrative			7,899				1,252
Total expense			14,538				6,028
Capitalized internal-use software development costs			(526	)			(957	)
Total stock-based compensation expense		$	14,012			$	5,071

Share based payment arrangement restricted stock unit activity

A summary of RSU activity under the Plan is as follows:

		Number of RSUs				Weighted Average Grant Date Fair Value
Balances at January 31, 2021			1,085,610			$	6.09
Granted			2,531,752
Forfeited			(132,359	)		$	7.30
Balances at October 31, 2021			3,485,003			$	11.99

A summary of RSU activity under the Plan is as follows:

		Number of RSUs				Weighted Average Grant Date Fair Value
Balances at February 1, 2019			803,430			$	5.985
Vested			—				—
Granted			587,500				6.109
Forfeited			(450,000	)			6.041
Balances at January 31, 2020			940,930			$	6.036
Vested			—				—
Granted			200,000				6.470
Forfeited			(55,320	)			5.984
Balances at January 31, 2021			1,085,610			$	6.091

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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