Planet Labs Shares Climb After Satellite Launch - News Summed Up

Planet Labs Shares Climb After Satellite Launch


By Robb M. StewartPlanet Labs PBC's shares took flight Friday following the successful launch of 44 of the company's satellites into orbit. In morning trading, the shares were 6.8% higher at $5.97, narrowing the drop so far in January to 2.9%. Planet Labs late Thursday said 4X Flock, which consists of 44 SuperDove earth-monitoring satellites, went into orbit on a SpaceX Falcon 9 rocket. The satellites join Planet Lab's existing fleet of about 200 satellites in orbit. Write to Robb M. Stewart at robb.stewart@wsj.com(END) Dow Jones NewswiresJanuary 14, 2022 10:21 ET (15:21 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.


Source: Wall Street Journal January 15, 2022 03:29 UTC



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