Dozens of firms are dotting the skies with satellites, a part of a rising wager that consumers on Earth can pay billions of {dollars} for a extra granular view of the planet. Not all the firms are more likely to make it, based on trade observers.

Traders are pouring cash into remote-sensing firms, with BlackSky Expertise Inc. and Spire International Inc. merging with so-called special-purpose acquisition firms this 12 months. Rivals together with Planet Labs Inc., Satellogic and Terran Orbital Corp. even have struck offers to go public by combining with SPACs, whereas different firms have raised cash from venture-capital funds.

Source link