Why Planet Labs Stock Popped on Tuesday
On a flat to down day for the stock market, space company Planet Labs (NYSE: PL) broke away from the pack and scored gains Tuesday afternoon, after updating investors on the latest refresh of its fleet of Earth observation satellites.
As of 3 p.m. ET, Planet Labs stock is up 3.8%.
With approximately 200 medium-resolution Dove and high-resolution SkySat satellites orbiting Earth, Planet Labs already boasts one of the world's largest satellite constellations -- and easily the largest of any publicly traded company. (SpaceX being, for the time being, still a private company.)
Source Fool.com
