Satellite imagery company Planet goes public, with $300 million ‘war chest’ after SPAC deal

By Michael Sheetz
December 10, 2021

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.

To read the full arti­cle, please vis­it: CNBC