Knowing the history of life on Earth will reveal much about evolutionary mechanisms and the coevolution of life and the planet, but we're not there yet. This is still the age of discovery for evolutionary biology, and breakthroughs often come after learning two basic things about a group of organisms: their relationships and their timescale of evolution, which together define a timetree. Historically, fossils have been the only source for timescales of evolution, but molecular clocks are now filling many gaps in the timetree of life. Earth-life coevolution has been continuous, but there were episodes in Earth history when this interaction had unusually large and global effects. In one case, molecular timetrees revealed that two-thirds of all prokaryotes form a natural group, terrabacteria, inferred to have had a common ancestor that lived on land about three billion years ago. Oxygen production and complex multicellularity (deriving from the energy in oxygen) may be tied to this terrestrial ancestry and invasion of a new, global niche. In a second case, a Neoproterozoic hot spot also appears to have involved terrestriality—this time of eukaryotes (plants and fungi), followed by another oxygen surge. It is unlikely a coincidence that the subsequent explosion in animal diversity is tied to this second major hot spot. Macroscopic animals with hard parts require sufficient oxygen, provided by the surge. The Cambrian explosion is now better understood in the context of rising oxygen levels. There were other hotspots in the coevolution of life and Earth, with some involving, similarly, changes in levels of atmospheric gases, and others involving different types of interactions such as temperature change, extraterrestrial impact, and human impact. All of these are of interest in understanding the evolution of life in the universe, and how a planet and its biota coevolve.