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Don't Be Fooled. Planet Labs' $230 Million Contract Really Is Great News.
$230 million is only the beginning of the good news for Planet Labs.
Planet Labs (NYSE: PL) stock is on a roll.
Over the past three months, shares of Planet, which operates the world's largest privately owned constellation of Earth observation satellites, have roughly tripled in value -- from $2 and change back at the beginning of November to more than $6 a share at Friday's close.
And what's been driving Planet Labs stock higher? Press releases, for the most part. Over the last three months, Planet has announced:
