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A House Funding Value Consideration
Final week I discovered an area SPAC (particular goal acquisition firm) that I feel has massive potential. The SPAC is dMY Know-how Group (NYSE: DMYQ), and it’ll quickly merge with Planet Labs.
Planet Labs owns and operates a fleet of round 200 imaging satellites in low-earth orbit. These satellites are continually imaging and analyzing the earth. Clients embody farmers, who can use the near-real-time information to maximise their crop yields.
The corporate generated $113 million in income final 12 months, however it is extremely early within the monetization course of.
I discovered about Planet Labs on Make investments Like The Greatest, my favourite podcast. For those who’re within the firm, I strongly advocate listening to this podcast. It was a really eye-opening interview.
I additionally advocate this In search of Alpha article, “Google-Backed Planet Set To Soar.”
I feel Planet Labs has Google-like potential. It has the most effective customized satellite tv for pc {hardware}, the bottom prices and an enormous alternative forward of it.
With a post-merge valuation of round $2.5 billion, I feel dMY provides a pleasant risk-reward ratio. So I made a large funding when share costs have been round $11.10. It presently trades at round $11.30.
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