Quartz
The real opportunity in space business is data, not tourism
It’s the decision by Planet, the satellite data company, to go public after being bought by a special-purpose acquisition company (SPAC), DMY Technology Group. Planet is the most mature space company to come to market—it had more than $114 million in revenue last year, which is more than comparable new space businesses that went public through SPACs: Virgin Galactic, a suborbital tourism company, earned $238,000; Spire, another satellite imaging firm, earned $29 million; and Rocket Lab, the launch vehicle maker, earned about $35 million.
