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Stock impact report

Planet Labs (PL) Climbs 9.9% as Space Stocks Fly [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
Planet Labs saw its share prices jump by 9.87 percent on Wednesday to close at $30.71 apiece, amid increasing appetite for space stocks, backed by SpaceX's looming initial public offering (IPO). Planet Labs PBC (NYSE:PL) rallied alongside its counterparts, including Intuitive Machines Inc. and Firefly Aerospace Inc., following news that the Elon Musk-led company has lined up 21 banks for its mega IPO, potentially valuing the firm at $1.75 trillion. SpaceX is attempting to raise more than $75 billion in what could be one of the largest IPOs in history. In other news, Planet Labs PBC (NYSE:PL) is gearing up for expansion in Germany after officially starting the recruitment of highly-skilled German talent to operationalize its upcoming satellite manufacturing facility in Berlin. The initiative forms part of its plan to double the production capacity of its next-generation, high-resolution Pelican fleet, while reinforcing the European country's role as a hub for advanced aerospace Show less Read more
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