Why Planet Labs Stock Crashed Today
Source: Motley Fool
2026-06-12 13:20:46 ET
So I guess I was both right and right about the SpaceX (NASDAQ: SPCX) IPO.
Right, when I predicted SpaceX IPO fever might drive space stocks higher this year. Indeed, shares of spy satellite operator Planet Labs (NYSE: PL) are up 38% over the last four months.
Unfortunately, I was also right about what would happen on IPO day. And this, in a nutshell, is why Planet Labs stock fell 9% through 12:50 p.m. ET today.
Planet Labs PBC Class A
NASDAQ: PL
PL Trading
-1.36% G/L:
$22.165 Last:
5,993,888 Volume:
$21.72 Open:
PL Latest News
July 20, 2026 06:22:00 pm
The Space Economy Is Heading for $1.8 Trillion. The Bottleneck Nobody Talks About Is Getting There
$7,637,866,535
300,387,002
7.01%
108
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Aerospace & Defense
Industrials
US
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