P
Plan-S
Providing end to end satellite solutions for global connectivity
About Plan-S
Established in July 2021, Plan-S is a private Turkish company operating in the "New Space" sector, focusing on the end-to-end development of satellite technologies. The company was founded by Chairman Sami Aslanhan and CEO Tugay Güzel. Plan-S has demonstrated notable efficiency by designing, manufacturing, and testing its initial satellites, Connecta T1.1 and Connecta T1.2, in just eight and five months, respectively. The company's first test satellite, Connecta T1.1, was launched in May 2022 aboard a SpaceX Falcon 9 rocket, marking a significant milestone. Another key achievement was the launch of Connecta T2.1, which sent its first Earth observation image back in May 2023.
Plan-S operates a vertically integrated business model, controlling the entire satellite lifecycle from mission conception and in-house design to manufacturing, operational execution, and ground station management. The company has three ground stations in Turkey—two in Ankara and one in Erzurum—to manage its satellite constellation and ensure reliable data communication. Its revenue is generated through providing comprehensive space-based solutions to various industries. The business is structured around two primary missions: Internet of Things (IoT) connectivity and Earth Observation (EO). These services cater to sectors such as energy, agriculture, logistics, transportation, maritime, disaster management, and urban planning.
The company's core offerings are delivered through its satellite constellations. The Connecta IoT System utilizes a constellation of nano-satellites in Low Earth Orbit (LEO) to provide global, low-power connectivity for IoT devices. This service enables functions like global asset monitoring, data analysis for improving agricultural yields, and enhancing transport security. In parallel, Plan-S is developing its Earth Observation capabilities, providing high-resolution satellite imagery and data analytics. A key service line is "Space as a Solution," which packages satellite design, manufacturing, ground station installation, and tailored software interfaces to meet specific customer requirements, effectively lowering the barrier to entry for utilizing space technology. The company plans a rapid expansion of its satellite network, aiming for over 200 satellites to support its IoT and EO services in the near future.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Aug 2024 | $40M | $400M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Plan-S is 4K monthly website visits, down 16.7% over the last three months. Plan-S's team declined 53.3% over the past year.
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