Planet Labs (PL) Stock Skyrockets on Record Earnings, SpaceX Launch & Major Contracts
Planet’s strong share-price rally coincides with a string of positive news in late September/early October. On Oct 1, Planet announced that Pelican-5 and Pelican-6 satellites and 36 SuperDove CubeSats arrived at Vandenberg for a SpaceX rideshare launch ainvest.com ainvest.com. CEO Will Marshall noted “incredible demand for high-resolution data” as a driver for growth. The same day, Planet confirmed it will open a new Berlin manufacturing facility – a move to double Pelican production and meet soaring European demand markets.financialcontent.com. These announcements helped PL stock jump ~6.5% on Oct 1 markets.financialcontent.com.