Why Planet Labs Is Skyrocketing Today
Planet Labs PBC(PL) The Motley Fool·2025-01-31 04:14
Shares of Planet Labs (PL 5.41%) were flying higher on Thursday. The company's stock gained 5.9% as of 2 p.m. ET and was up as much as 12.6% earlier in the day. The leg up comes as the S&P 500 gained 0.4% and the Nasdaq composite was flat.Yesterday, Planet Labs announced a key new deal with an as yet unnamed "Asia-Pacific commercial partner."A new dealPlanet Labs signed a $230 million deal to develop and manage a new fleet of its high-resolution Pelican satellites. The company will reserve a certain portion ...