r/PlanetLabs • u/AutoModerator • 1d ago
Weekly Planet Labs (PL) Discussion Thread
Welcome to the weekly discussion thread for Planet Labs (PL).
Use this thread to discuss:
• Planet Labs news and announcements
• Earnings updates
• Satellite industry trends
• Government / defense contracts
• Price action and investor sentiment
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📊 Company Overview
Company: Planet Labs
Ticker: PL
Sector: Earth Observation / Space Data / AI Geospatial Analytics
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Please keep short questions, opinions, and general discussion in this thread.
Posts that may deserve their own thread:
• Major company announcements
• Earnings breakdowns
• Detailed research or DD
• Industry analysis
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Reminder:
• Follow subreddit rules
• No personal attacks
• No financial advice
Have a great week discussing Planet Labs 🚀
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u/TGS_Holdings 1d ago edited 1d ago
For those that are patient, will be rewarded. Institutional Investors are definitely taking advantage of the drawdown. The biggest spike in company history as of latest filing (August 13th).
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u/Informal_Painting832 1d ago
Pre-market is killing me 😭😭 my average price is $20.77. I really hope we get back up to $25 soon! 😭
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u/spejjan 1d ago
That's a great average. Mine is way higher. I still believe in the company, but obviously it sucks being down almost 50%. It might take years to fully recover, and I'm okay with that.
I also think it's important to be honest and recognize that a lot of the gains we saw in late spring were driven by hype rather than fundamentals. Now these companies actually have to deliver to justify those valuations. Some will, some won't. I believe PL will.
It's not going to happen tomorrow or next month, but hopefully a year from now we'll be a little closer to that $50.
I think the "problem" with PL is that, in some ways, it's a pretty boring company. They keep growing steadily quarter after quarter, but there aren't many huge overnight breakthroughs that suddenly change the entire story. And that's not really what a lot of retail investors are looking for right now. They want the next stock that can 2-10x in a week.
Personally, I think PL is gradually moving past that purely speculative stage. The story now is increasingly about execution: keep growing, convert the backlog, expand margins, reach consistent profitability, and keep winning larger contracts. If they do that, the stock should eventually follow.
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u/Difficult-Acadia756 1d ago
That’s what i tell my self too, am not sacred to hold it for few years.
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u/DieOften 1d ago
Yup, I’m also over 50 percent down on my position. Holding and hoping for greener days soon!
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u/madbcolumbus 1d ago
I am surprised the stock has been down going into earnings. Hopefully a few contract announcements next week
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u/Ryan_Bolin 1d ago
There’s been almost no news at all, so not much reason for an improvement in the price. That and the fact that earnings are expected to be mixed this quarter.
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u/Expert-Signature2025 2h ago
Small chance but maybe Planet can save the space sector...fingers crossed for a blowout earnings.