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Planet Labs closed its merger with blank-check firm dMY Technology Group Inc. IV on Tuesday, netting more than $590 million in gross proceeds. In addition to this, the company also raised funding through private investment in public equity (PIPE) round led by BlackRock and joined by Google, Koch, and Marc Benioff’s TIME Ventures

Satellite imagery firm Planet goes public

Satellite imagery and data specialist start-up, Planet Labs, made its debut on Wall Street on Wednesday, becoming the latest space company to start trading on the New York Stock Exchange (NYSE)

By Yashasvini Razdan
Published - Dec 08, 2021, 09:23 PM ET
Last Updated - Jul 08, 2024, 06:13 AM EDT

Planet began trading Wednesday on the New York Stock Exchange

Planet trades under the ticker PL, with shares previously listed under the special purpose acquisition company dMY Technology Group IV

Satellite imagery and data specialist start-up, Planet Labs, made its debut on Wall Street on Wednesday, becoming the latest space company to start trading on the New York Stock Exchange (NYSE).

The stock began trading on the NYSE under the ticker symbol “PL,” which fell as much as 7.4% before rising 7.8%. The stock was up 0.6% to $10.88 at 3:08 PM ET.

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