Satellite imagery and data specialist Planet began trading Wednesday on the New York Stock Exchange, becoming the latest space company to debut after closing a SPAC deal.
“We have a strong business that’s growing well … and what’s been most exciting about this whole process of going public is that I think there’s increasing awareness of the data set that we’re generating from space and what impact it can have,” Planet CFO and COO Ashley Johnson told CNBC.
Planet trades under the ticker PL, with shares previously listed under the special purpose acquisition company dMY Technology Group IV. The company has about 190 satellites in orbit, and recently unveiled plans for a new line of satellites called Pelican to further bolster its fleet.
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