Why Planet Labs Stock Is Going to the Moon Today

Planet Labs (NYSE: PL) stock, the recent space special purpose acquisition company (SPAC) IPO that operates a constellation of 200 Earth-imaging satellites in orbit...kind of went into orbit itself today. As of 12:30 p.m. ET, Planet Labs shares are up a solid 20%.

And you can thank Goldman Sachs for that.

Image source: Getty Images.

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Source Fool.com