Why Planet Labs Stock Is Skyrocketing This Week
Shares of Earth observation leader and public benefit corporation Planet Labs (NYSE: PL) soared 27% higher this week as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.
The reason for this fanfare stems from an announcement on Wednesday that Planet Labs had shipped two Pelican satellites and 36 SuperDoves for launch.
CEO and cofounder Will Marshall explained, "We're continuing to see incredible demand for our high-resolution data ... we're not just putting more satellites in orbit, we're providing our customers with the consistent and timely information they need to deliver results."
Source Fool.com
