Satellite Industry Grows as Investors Bet Billions on Space-Derived Data

A staff member at Spire Global worked on a satellite in 2018 at a company facility in Glasgow.

Dozens of companies are dotting the skies with satellites, part of a growing bet that buyers on Earth will pay billions of dollars for a more granular view of the planet. Not all of the companies are likely to make it, according to industry observers.

Investors are pouring money into remote-sensing companies, with BlackSky Technology Inc. and Spire Global Inc. merging with so-called special-purpose acquisition companies this year. Competitors including Planet Labs Inc., Satellogic and Terran Orbital Corp. also have struck…

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