Why Planet Labs Soared Today

Shares of Planet Labs (PL 11.24%) climbed on Thursday, closing up 11.2% as of the 1 p.m. ET early market close for the Fourth of July holiday. The rise comes as the S&P 500 (^GSPC 0.83%) and Nasdaq Composite (^IXIC 1.02%) gained 0.8% and 1%, respectively.Planet Labs, a satellite imaging company, signed a major deal earlier this week that is continuing to boost shares.Planet Labs inks major dealThe company announced on Tuesday that it has signed a deal with the German government to provide satellite imagery ...