Why Planet Labs Stock Shot to the Moon Today
Planet Labs stock is finally making money in space.
Planet Labs (NYSE: PL), a small space stock that owns one of the world's biggest constellations of Earth observation satellites, exploded higher after beating on earnings last night.
Heading into the fiscal Q1 2026 earnings report, analysts expected Planet to report a $0.03-per-share adjusted loss on sales of $62.3 million. Instead, it reported $66.3 million in sales and break-even profits. Investors applauded, sending the stock up 52.1% through 1:50 p.m. ET.
Image source: Getty Images.
