Investors want to see a world where people launch themselves into space, and with Planet Labs leading the world's largest constellation of Earth-observing satellites, SPAC company dMY Technology Group looks keen to schedule an IPO launch.
Valued at $2.8 billion, the IPO listing (ready for takeoff just before the end of this year) might just strike an ambitious 5-year plan of 44% annual growth for Planet. Quite an ambitious plan when you’re housing satellites worth 6kg, costing less than $300,000 each to build and launch.
Let’s not forget to thank Google (GOOGL) and Salesforce (CRM), Planet Lab’s most optimistic investors, who got nearly 200 of these big beauties to capture three million images per day.