Planet Labs Stock Falls As Higher Yields Pressure Space Names Despite European Space Agency Win
Planet Labs stock falls nearly 5% as higher Treasury yields pressure space names despite an ESA pilot and strong Q2 revenue growth.
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Why It Matters
Planet Labs stock went down today even though the company had good news. When interest rates go up, people sometimes move money away from space companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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