financetom
Business
financetom
/
Business
/
Planet Labs Stock Takes Off On Satellite Launch Announcement With SpaceX
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Planet Labs Stock Takes Off On Satellite Launch Announcement With SpaceX
Aug 15, 2024 2:06 PM

Planet Labs PBC ( PL ) shares are surging in Thursday’s after-hours session after the company announced its first hyperspectral satellite launch with SpaceX.

What To Know: After the market close on Thursday, Planet Labs said its Tanager-1 satellite, along with 36 SuperDoves, will launch on the Transporter-11 Rideshare mission with SpaceX on Friday.

Tanager-1 is expected to expand Planet Labs’ capabilities by adding more than 400 spectral bands of data and capturing phenomena that are invisible to the human eye. The satellite will launch from Vandenberg Space Force Base in California. The launch window opens at 2:20 p.m. E.T. on Friday.

Tanager’s hyperspectral data will also be made commercially available to Planet customers for multiple applications, including defense and intelligence monitoring, biodiversity assessments, mineral mapping and water quality assessments.

The 36 SuperDoves are expected to help contribute to Planet’s flagship global monitoring mission PlanetScope. The company noted that hundreds of customers are currently using PlanetScope data to take informed action and better contextualize events happening on the ground.

See Also: Musk’s SpaceX Plans To Launch The World’s Largest Rocket 44 Times A Year In A Crowded Area – Its 600,000 Residents Don’t Get A Say

PL Price Action: Planet Labs shares were up 3.69% after hours at $2.25 at the time of publication, per Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Hotline connecting Pentagon, DC airport controllers inoperable since 2022
Hotline connecting Pentagon, DC airport controllers inoperable since 2022
May 26, 2025
WASHINGTON, May 14 (Reuters) - A hotline connecting the Pentagon and Federal Aviation Administration air traffic controllers at Reagan Washington National Airport has been inoperable since March 2022, an FAA official told a Senate committee on Wednesday. The U.S. Army said May 5 it was suspending helicopter training flights in the vicinity of the Pentagon after two passenger airline flights...
Yellow Pages Q1 Net Income Falls on Lower Revenue
Yellow Pages Q1 Net Income Falls on Lower Revenue
May 26, 2025
11:24 AM EDT, 05/14/2025 (MT Newswires) -- Yellow Pages (Y.TO), on Wednesday said its first-quarter profit dropped on lower revenue. The digital media and marketing company reported net income of $5.0 million, $0.35 per share, in the period, down from $8.4 million, or $0.61, a year earlier. It said that drop was due to lower adjusted EBITDA and the increase...
Rumble hires litigator David Boies in Google antitrust lawsuit ahead of trial
Rumble hires litigator David Boies in Google antitrust lawsuit ahead of trial
May 26, 2025
May 14 (Reuters) - Video sharing platform Rumble is adding famed litigator David Boies to its trial team in a federal lawsuit accusing Alphabet's Google of suppressing online video competition, a court filing showed. Boies will work with a group of attorneys from law firm Cadwalader, including Nicholas Gravante Jr, a former longtime colleague of Boies at his firm Boies...
Copyright 2023-2026 - www.financetom.com All Rights Reserved