On September 25, Planet Labs Pbc rose 5.28% in pre-market trading, trading at $18.53/share, with turnover of approximately $3.03 million, extending gains from the prior session.

The rally was driven by a series of positive developments. On September 24, the company announced the launch of Amazon.ia - Inteligencia Ambiental, a multipartner initiative leveraging satellite imagery, ground-collected data, and AI to track biodiversity and ecosystem health across the Amazon region. The project has enlisted more than two dozen partners and secured over $14 million in funding from the Bezos Earth Fund, channeled through the Andes Amazon Fund and World Resources Institute. The initiative aims to deliver actionable intelligence to scientists, conservation groups, governments, and local communities.

Adding further momentum, on September 22, Planet Labs announced the opening of a 5,700-square-meter satellite manufacturing facility in Berlin to strengthen European space observation capabilities. The plant will begin assembling Pelican spacecraft this autumn with a capacity of up to 60 satellites, and plans to add 70 employees to its existing 150-person local workforce. The first satellites are scheduled for launch aboard an Isar Aerospace rocket in early next year.

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