The Premio Planeta de Novela is a Spanish literary award. Since 1952, the Spanish publisher Grupo Planeta has given this prize to an original, unpublished novel written in Spanish. It is one of about 16 literary awards given by Planeta.

It is the most valuable literary award in the world. The winner receives €1,000,000. José Manuel Lara Hernández created the award in 1952. It is given on October 15, which is St. Teresa's Day. Teresa was the name of Lara's wife.

Since 1974, there has also been a prize for the second-place winner. This prize is now worth €200,000.

Criticism

In recent years, the award's trustworthiness has been doubted, as the first prize is often given to authors published by Planeta, and the second prize goes to less well-known authors. The award has been refused by Miguel Delibes and Ernesto Sábato, both authors from Planeta.

In 2005, an Argentinian court fined Planeta 10,000 pesos after finding that there was fraud in giving the Argentinian version of the prize to Ricardo Piglia in 1997.

Although the manuscripts are submitted under a false name, it is common for the winners' names to be revealed before the official announcement.