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Planet Labs maintains profitability goal, but throttles investment in new satellite capacity to meet surging demand
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Planet Labs maintains profitability goal, but throttles investment in new satellite capacity to meet surging demand
LA PLATA, Maryland — Planet Labs, on the heels of two large satellite-services contracts with the Japan and Germany, said it is assessing 20 similar transactions with a combined value of $3.4 billion. In its Oct. 16 Investor Day, Planet’s management team did not promise that any of these would materialize. But the volume of potential business with governments that want dedicated capacity or direct access to Planet’s satellite fleet, like Germany…
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