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Planet Labs (PL) Climbs to Fresh High on Data Products Commercial Availability
Yahoo Finance· 2025-09-24 13:09
Core Viewpoint - Planet Labs PBC (NYSE:PL) has experienced a significant increase in share prices due to the commercial availability of its data products aimed at analyzing the Earth's surface and atmosphere [1][3]. Group 1: Stock Performance - On Tuesday, Planet Labs' share price reached a new all-time high of $12.13 during intra-day trading, ultimately closing up by 8.46% at $12.05 [2]. - The rise in share price reflects positive investor sentiment surrounding the company's recent developments [1]. Group 2: Product Availability - Planet Labs announced that core imagery products from its Tanager-1 satellite, including radiance and surface reflectance data, are now commercially available [3]. - The Tanager-1 satellite has provided data for Carbon Mapper, detecting and quantifying thousands of methane plumes across nearly 3,200 sources, contributing to a collection of over 69,000 data points covering over 31 million square kilometers globally [4]. Group 3: Applications of Data Products - The data products from Planet Labs can support various applications, including mineral mapping, biodiversity and ecosystem health, agricultural management, urban area mapping, disaster response, and wildfire risk management [4].