Planet Labs PBC (NYSE:PL) shares are trading higher on Wednesday. The company announced it has begun recruiting talent for its upcoming satellite manufacturing facility in Berlin, marking a key step in its European expansion, with momentum also supported by its earnings report released Thursday.
Hiring Underway For Berlin Facility
Planet Labs Germany said it has started recruiting highly skilled talent to operationalize the new Berlin-based satellite manufacturing facility, representing a milestone in the company’s effort to expand its European manufacturing footprint.
The facility is expected to double the production capacity of Planet’s next-generation Pelican fleet while strengthening Europe’s access to AI-enabled Earth observation capabilities.
The company plans to hire up to 70 new …
