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Benzinga
Benzinga
Business
Henry Khederian

BIZARRE: Planet labs pl stock surges on major defense contracts | Mind Blowing Facts

PL Planet Planet Labs
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Shares of Planet Labs PBC (NYSE:PL) are soaring Tuesday morning after the satellite imaging company announced a series of major recent contract wins with global defense and intelligence agencies.

What To Know: The agreements include a €240 million contract funded by Germany, which incorporates a multi-year, eight-figure annual renewal for data and AI services.

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