Capex spending at 26% of revenue? That’s Planet’s forecast this year, unless it threatens profitabilitiy goal

by Peter B. de Selding

LA PLATA, Maryland — Geospatial imagery and analytics provider Planet Labs PBC said it plans to continue a high-spending pace as it invests in its new, higher-resolution Pelican spacecraft fleet, but that investment will be slowed if necessary to reach the goal of EBITDA-profitability by the end of this year.

The company said the earlier-than-planned end of life of three of its high-resolution SkySat satellites, which operate in lower orbit than the rest of Planet’s fleet, due to the effects of unexpectedly high solar activity . . .

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