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Planet Labs Stock Soars 4.95% on Welsh Government Deal!
Wednesday, Jun 4, 2025 5:18 am ET1min read
Planet Labs PBC rose 4.95% in premarket trading, driven by the company's announcement of a six-figure expansion of its contract with the Welsh Government. This deal provides the government with high-resolution satellite imagery and data, supporting agriculture, water, and land use monitoring, as well as emergency response. The agreement also makes these products accessible to all eight universities in Wales, fostering research and policy development.
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