Planet Labs PBC (NYSE:PL) is one of the

10 Stocks With Easy 8-20% Gains.

Planet Labs extended its winning streak to a third consecutive day on Thursday, jumping 16.83 percent to close at $35.88 apiece, as investor sentiment was boosted by the growing interests in space stocks, thanks to a giant player’s plans to go public.

Planet Labs PBC (NYSE:PL) rallied alongside its counterparts, namely Intuitive Machines, AST SpaceMobile, and Firefly Aerospace, as Elon Musk-led SpaceX gears up for a $75-billion initial public offering (IPO).

The offer, which is considered one of the largest in history, sparked a vote of confidence in the space industry, spilling over to all players.

Photo from Planet Labs website

Further buoying sentiment was news earlier this week that Planet Labs PBC (NYSE:PL) is set to expand its manufacturing facility in Germany as it eyes doubling the production capacity of its next-generation, high-resolution Pelican fleet, while reinforcing the European country’s role as a hub for advanced aerospace engineering.

The company has already begun the recruitment of 70 highly-skilled individuals to add to its existing 150 employees, which would include high-level leadership and specialized technical roles such as director of manufacturing, mission director for constellation services, and multiple engineering roles.

Berlin has served as Planet Labs PBC’s (NYSE:PL) headquarters for more than 10 years, acting as the Mission Control center for its global fleet of about 200 satellites. Its expansion would support the company’s $900 million worth of backlogs for the current fiscal period, which marked a 79 percent growth from fiscal year 2026.

“With this excellent backlog as well as our healthy pipeline, we project strong growth for this year and beyond,” said Planet Labs PBC (NYSE:PL) Chairman and CEO Will Marshall.

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