Satellite last-mile delivery startup D-Orbit to go public via SPAC, valued at $1.28B; revenue in 2021 was $3.4M

by Peter B. de Selding

PARIS — Satellite last-mile-delivery service provider De-Orbit S.p.A. is going public in a SPAC transaction that values the company at $2.8 billion on a business plan that generated $3.4 million in revenue in 2021 and is forecasted to ramp to cash-flow positive in 2024 on $452 million in revenue and growing to $1.5 billion in 2025.

Backlog at Jan. 27 stood at $21.4 million based on signed, binding contracts that have not yet been billed but whose missions are expected to  occur in 2022 nd . . .

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