Thursday 18 August 2016

Tiny Satellites: The latest innovation hedge funds are using to get a leg up


A company called Planet Labs Inc. has launched a small constellation of what it calls "cubesats" that can deliver much more frequent imagery of economically sensitive spots than traditional satellites. Those spots include retailers' parking lots, oil-storage tanks or farmland. The company, founded by three former NASA scientists, has now signed an agreement to supply data to Orbital Insight Inc., which mines satellite imagery
for trading tips for hedge funds. Until now, Orbital has relied on monthly or bimonthly imagery for its analysis.

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