Why Planet Labs Popped Today
Tic-tac-toe, three in a row -- good news keeps flowing for Planet Labs (NYSE: PL) stock this morning, helping the space stock explode 15% higher through noon ET.
Yesterday, as you may have heard, rumors surfaced that SpaceX will file for its IPO this week (or next -- no one's 100% certain). Next came the big "Ignition" announcement from NASA Administrator Jared Isaacman, with the space agency promising to spend some $20 billion to build an American moon base by 2032. Finally, just this morning, Planet Labs announced it has begun recruiting engineers to staff its new satellite manufacturing facility in Germany -- ramping up its business and taking Planet international.
Image source: Getty Images.
Source Fool.com
