$License_Manager = Get-View LicenseManager$License_Manager.Licenses | select LicenseKeyvSphere 8.x
The LicenseManager.licenses property loads its value on the initial call and subsequently update its cache only upon local modify operations.
Apply the following workaround to resolve the issue;
$License_Manager = Get-View LicenseManager$License_Manager.Licenses | select LicenseKey
#Note: Replace the # placeholders with the newly added license key and execute the command.
$License_Manager.UpdateLicenseLabel("#####-####-####-####-#####", "VpxClientLicenseLabel","")