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      What’s Going On With Planet Labs Shares Wednesday?

      Planet Labs PBC (NYSE:PL) shares are trading higher on Wednesday. The company announced it has begun recruiting talent for its upcoming satellite manufacturing facility in Berlin, marking a key step in its European expansion, with momentum also supported by its earnings report released Thursday.

      Hiring Underway For Berlin Facility

      Planet Labs Germany said it has started recruiting highly skilled talent to operationalize the new Berlin-based satellite manufacturing facility, representing a milestone in the company’s effort to expand its European manufacturing footprint.

      The facility is expected to double the production capacity of Planet’s next-generation Pelican fleet while strengthening Europe’s access to AI-enabled Earth observation capabilities.

      The company plans to hire up to 70 new …

      Full story available on Benzinga.com

      Source: Benzinga

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud