Why Planet Labs Stock Is Going to the Moon Today

Planet Labs won a big NASA contract. (Hooray!) But it's not big enough to move the needle for Planet Labs stock. (Boo!) Planet Labs (PL 7.58%) stock rocketed 7.6% through 10:25 a.m. ET Monday. The small-cap space stock announced this morning that it has been "selected" to participate in NASA's "Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract" to "provide commercial data in support of the agency's Earth science research" in a contract worth up to $476 million. What NASA w ...