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The satellite industry will grow as investors bet billions of dollars on space-derived data

Dozens of companies are scattered in the sky with satellites. This is part of a bet that buyers on Earth will pay billions of dollars for a more detailed view of Earth. According to industry observers, it is unlikely that every company will succeed.

Investors are pouring money into remote sensing companies, this year at BlackSky Technology Inc. And Spire Global Inc. Merged with a so-called special acquisition company. Competitors such as Planet Labs Inc., Satellite, and Terran Orbital Corp. have also signed public disclosure agreements. By combining with SPACWhile other companies are raising funds from venture capital funds.

The satellite industry will grow as investors bet billions of dollars on space-derived data

Source link The satellite industry will grow as investors bet billions of dollars on space-derived data

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