Planet Labs (PL) said Thursday it has agreed to a multiyear expansion deal with outdoor digital navigation firm onX.
OnX will use the Planet's satellite data to inform its suite of outdoor recreation apps, providing users with information about current recreation conditions across the US, Planet said.
Financial terms of the deal were not disclosed.
Shares of Planet fell 8.2% in recent trading.
Price: 3.29, Change: -0.30, Percent Change: -8.24
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