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Planet Labs Stock Has Quickly Fallen 40%. Time to Buy the Dip?

Summary by The Motley Fool
Key PointsInvestors rotated away from the stock in favor of SpaceX.The company had a strong first-quarter report for fiscal 2027.But it is likely years away from being consistently profitable.10 stocks we like better than Planet Labs PBC › Shares of Planet Labs (NYSE: PL) have fallen over 40% this past month, dropping from an all-time high of about $51 in May to around $28. The main reason for the space stock's sudden slump has less to do with t…
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The Motley Fool broke the news in Alexandria, United States on Friday, June 19, 2026.
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