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Why Planet Labs Stock Popped Again Today
PLPlanet Labs PBC(PL) The Motley Fool·2024-12-02 16:37

Earth observation satellite operator Planet Labs (PL 9.16%) soared 8% in a single day last month, after announcing a "six-figure deal" to help non-governmental organization (NGO) Global Fishing Watch monitor fishing vessels across the... well, the globe, actually. On Monday morning, the stock is up barely half as much -- 4.5% through 10:05 a.m. ET -- after announcing an analogous data deal that could be 10 times as big.So why aren't investors more excited?Growing revenue at Planet LabsThis morning, Planet c ...