Planet maintains revenue target, trims margin forecast after satellite thruster failure; says no effect on service

by Peter B. de Selding

PARIS — Geospatial satellite constellation operator Planet maintained its forecast full-year revenue but said its gross profit margin would be reduced following the failure of thrusters on one of is SkySat high-resolution satellites.

Planet, which completed its SPAC-enabled stock-market introduction on Dec. 8 and began trading on the New York Stock Exchange, said the failure of the SkySat in the three months ending Oct. 31 would likely have no effect on the company’s services to customers.

Planet operates 180 Dove and SuperDove medium . . .

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