Planet Labs to Begin Production of Pelican Satellites in Germany

MT Newswires Live
Sep 25

Planet Labs (PL) said Thursday it intends to start production of high-resolution Pelican satellites in Berlin.

The company's new capital investment in its German operations is expected to surpass "eight figures" and add up to 70 employees, it said.

Planet Labs shares were up 1% in recent premarket activity.

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