Planet Labs Stock Soars: A Bumpy Ride to Global Dominance
Update: 2025-10-02
Description
Planet Labs stock soared after Wedbush boosted its price target, citing new satellite launches and a Berlin manufacturing plant that will double Pelican satellite production. Fueling investor confidence are major deals with the German government and NATO, driving a 270% stock increase this year. Despite stock volatility, Planet Labs is solidifying its position as a leader in Earth imaging, meeting growing global demand.
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