Planet Labs PBC shares fall 1.13% after-hours after launching two more Pelican satellites.

Planet Labs PBC fell 1.13% in after-hours trading, following the launch of two more Pelican satellites. The company, a provider of global, daily satellite imagery and geospatial solutions, designs, builds, and operates the earth observation fleet of imaging satellites. The launch of new satellites is a positive development for the company, but the stock's decline suggests that investors may be reacting to other factors or market conditions.