Why Planet Labs Stock Popped Again on Thursday
After jumping 14% in sympathy with a powerful earnings report from Rocket Lab (NASDAQ: RKLB) yesterday, shares of fellow space stock Planet Labs (NYSE: PL) maintained its upward momentum in early-Thursday trading, rising another 3.2% through 11:35 a.m. ET.
Strange as it may sound, if you own Planet Labs stock, you have France to thank for that.
This morning, Planet announced an "expansion" of its relationship with French "digital farming company" Abelio. As Planet explained, it has been providing agricultural data and products to Abelio since 2018, but this new agreement will triple the amount of Planet data available to its customer, covering "agricultural data across France."
Source Fool.com
