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Search resuls for: "Will Marshall"


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A chorus of political analysts on the center left is once again arguing that the Democratic Party must reclaim a significant share of racially and culturally conservative white working-class voters if it is to regain majority status. “For Victory in 2024, Democrats Must Win Back the Working Class,” Will Marshall, the founder and president of the Progressive Policy Institute, wrote in October 2023. “Can Democrats Win Back the Working Class?” Jared Abbott and Fred DeVeaux of the Center for Working-Class Politics asked in June 2023; “Democrats Need Biden to Appeal to Working-Class Voters” is how David Byler, the former Washington Post data columnist put it that same month. First, is the Democratic attempt to recapture white working class voters a fool’s errand? Is this constituency irrevocably committed to the Republican Party — deaf to the appeal of a Democratic Party it sees as committed to racial and cultural liberalism?
Persons: John B, Judis, Ruy Teixeira, Will Marshall, Jared Abbott, Fred DeVeaux, Biden, David Byler Organizations: Democratic Party, Progressive Policy Institute, , Center, Washington Post, Democratic, Republican Party
REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 15 (Reuters) - U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Those struggles follow the April bankruptcy filing by satellite launch firm Virgin Orbit, which was owned by billionaire Richard Branson. "The focus for investors in this space is very different than what it was a couple years ago. The financial headwinds faced by rocket startups have triggered pain elsewhere as well. It shifted much of its focus to government defense programs as its commercial customers face tight capital markets, CEO Laurienti said.
Persons: Mike Blake, Jeff Bezos, Richard Branson, Joe Laurienti, Caleb Henry, Chris Kemp, Will Marshall, Quilty's Henry, Laurienti, Joey Roulette, Ben Klayman, Matthew Lewis Organizations: REUTERS, Elon, SpaceX, Astra, Labs, Ursa, Reuters, Planet Labs, Thomson Locations: Long Beach , California, U.S, Denver, Washington
Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday. "This action was taken to increase the company's focus on its high priority growth opportunities and operational efficiency, which the company believes will further support its long term strategy and path to profitability," Planet wrote in a securities filing. Planet's stock was little changed in premarket trading from its previous close of $3.75 a share. Marshall noted that Planet's expansion since the company went public in December 2021 "increased cost and complexity, which slowed us down in some regards."
Persons: Will Marshall, Marshall Organizations: New York Stock Exchange Locations: New York City
Shares of Planet fell after the satellite-imagery and data-analysis company cut its annual revenue guidance following when it reported first-quarter results Thursday. The company lowered its guidance for its current fiscal-year 2024 revenue to a range of $225 million to $235 million, down from its previous forecast of between $248 million and $268 million. She added the company's balance sheet "is strong," with $375 million in cash and equivalents and no debt. For the first quarter, Planet reported revenue of $52.7 million, up 31% from $40.1 million in the same period a year ago, but effectively flat from the prior quarter. Its customer base is split into three parts by revenue: 44% is defense and intelligence, 29% is commercial and 27% is civil government.
Persons: Will Marshall, Ashley Johnson
The Capitalist Generation’s Space Race
  + stars: | 2023-05-10 | by ( Mark Gimein | ) www.nytimes.com   time to read: +3 min
Worden’s foes think nothing of siccing federal investigators on him and his team in an intramural death match. To put it succinctly, in Vance’s telling, NASA and its usual-suspect corporate partners were basically devoted to doing very little — or ideally, nothing — at maximum expense. So Worden’s team went in the opposite direction: The simpler and cheaper the better. Will Marshall, a physics prodigy and space expert, became the informal leader of a group of Ames recruits living in a Silicon Valley group house, known as the Rainbow Mansion. The housemates started working on the smallest satellites they could come up with — shoebox-size contraptions they would eventually call Doves.
The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined by Stacey Cunningham, NYSE President, ring The Opening Bell®. Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast. For the full year, we nearly tripled our revenue growth rate," Planet cofounder and CEO Will Marshall said in a press release. Planet brought in $53 million in revenue during Q4, a 43% increase from $37.1 million a year prior.
Investing in Space: Doing well to do good
  + stars: | 2023-01-26 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. I met up with Planet CFO Ashley Fieglein Johnson here in NYC earlier this month, and one thing she said has really stuck with me: "We have to do well in order to do good." And it's true: Space technologies have changed life around the world in a variety of ways, from GPS to communications and more. "The carrot of being able to do good doesn't tend to survive the nuclear winter of a tough economy," Fieglein Johnson said. Planet's stock slid last year alongside other recently debuted pure-play space companies, but Fieglein Johnson sees the company at a "tipping point" because "awareness of Planet is just at a fundamentally new level."
Satellite imagery and data company Planet reported record third-quarter revenue on Wednesday, forecasting nearly $200 million in annual revenue. The company reported a third-quarter adjusted EBITDA loss of $12.4 million, just above the $12.3 million loss that Planet reported for the same period a year ago. But Planet reported a record revenue of $49.7 million for the third quarter, up 57% year over year. With one quarter to go, the company forecast annual revenue of between $188 million and $192 million. At the end of the quarter, Planet had $425 million in cash on hand.
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