Earth imaging constellation operator Planet to go public with dMY Technology at an equity valuation of $2.76 billion

by Peter B. de Selding

CARSAC DE GURSON, France — Satellite Earth imagery constellation operator Planet will conduct an IPO through the merger with dMY Technology Group Inc. IV in a transaction with an equity valuation of $2.76 billion for a company that will not be profitable until 2025.

Planet expects revenue to grow from $113 million in the 12 months ending Jan. 31, 2021, to $693 million in five years, when it plans to reach profitability.

In a July 7 investor presentation, Planet officials said the company’s growth . . .

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