Why Planet Labs Stock Crashed 21% Today
Planet Labs PBC(PL) The Motley Fool·2024-09-06 23:19
Planet Labs stock remains far from fulfilling its pre-IPO promises of 2021.Another day, another poor performance from Planet Labs (PL -21.98%). Last night, the space stock that operates the world's largest constellation of Earth observation satellites announced financial results for its fiscal second quarter of 2025 -- and the news wasn't great.Planet Labs said it lost 61.1 million. And granted, these results were basically in line with what analysts had predicte ...