Jul 7, 2021

Space co Planet Labs going public: Backed by Google, BlackRock, Benioff


A set of SkySat satellites before a launch. Planet

Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange.

Planet Labs is combining with special purpose acquisition company dMY Technology Group IV , which trades on the NYSE under ticker DMYQ. The deal gives the space company a $2.8 billion equity valuation and is expected to close in the fourth quarter, resulting in Planet listing on the NYSE under ticker PL.


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