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Planet Labs Shares Jump on SpaceX Satellite Launch

Planet Labs (PL) shares increased by 7.8% after the company successfully launched 20 satellites on SpaceX's Transporter-18 mission. The launch included a prototype satellite for Google's Project Suncatcher.

PL

8% in afternoon trading after the company launched 20 satellites aboard SpaceX’s Transporter-18 rideshare from Vandenberg, including a prototype for Google’s Project Suncatcher, according to the company press release.