Planet Labs: $425M in cash, no debt, and an improving M&A environment

by Peter B. de Selding

PARIS — Earth observation satellite fleet operator and analytics provider Planet Labs PBC, with no debt and some $425 million in cash or short-term investments, has sufficient liquidity for the coming 12 months to conduct its planned operations and grow “without needing to raise new capital,” Chief Financial Officer Ashley Johnson said.

Planet, which concluded a SPAC-enabled stock market introduction in mid-2021, had $490.8 million in cash as of Jan. 31.

Planet has long viewed itself as a consolidator in a geospatial and data . . .

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