spacetoday.net: space news from around the webin association with SpaceNews


Planet, Satellogic to go public through SPAC mergers
Posted: Fri, Jul 9, 2021, 7:00 PM ET (2300 GMT)
Earth imaging company Planet will go public through a SPAC merger. Planet announced early Wednesday that it will merge with dMY Technology Group, Inc. IV, a special purpose acquisition company, valuing the company at nearly $2.8 billion. The deal will provide more than $430 million in cash that Planet says will go towards "new and existing growth initiatives." The companies expect the deal to close later this year. The Planet deal comes a day after another Earth imaging company, Satellogic, announced its own SPAC merger. Satellogic said Tuesday will merge with CF Acquisition Corp. V, a SPAC sponsored by financial firm Cantor Fitzgerald, raising $271 million and giving the company an equity valuation of $1.1 billion. Satellogic says the proceeds will allow it to build out a constellation of 300 imaging satellites by 2025, which will provide daily high-resolution imaging of the globe.
<<previous article   next article>>
news in brief
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT)

French government leads investment in Eutelsat
Posted: Sat, Jun 21 8:38 AM ET (1238 GMT)

NASA further delays Ax-4 launch
Posted: Sat, Jun 21 8:34 AM ET (1234 GMT)

news links
Tuesday, July 1
Move over Starlink, here comes Kuiper
Gulf News — 4:58 am ET (0858 GMT)
USSF Seeks Industry Ideas For Space-Based Interceptors
Aviation Week — 4:57 am ET (0857 GMT)
Don’t forget about Iran’s space program
POLITICO — 4:54 am ET (0854 GMT)
EU Space Act is ‘orbital equivalent of GDPR’, says lawyer
Luxembourg Times — 4:53 am ET (0853 GMT)
Poland’s second ever astronaut is safe in space
Euro Weekly News — 4:49 am ET (0849 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list