Planet Labs, a satellite constellation developer, trades at about $25 per share, or 27 times this year's sales, making it the cheapest among major space economy stocks compared to SpaceX at 132 times and AST SpaceMobile at 43 times. The company went public via SPAC merger on Dec. 8, 2021, and its stock reached a record high of $51.40 on May 28, 2026, before pulling back after SpaceX's June IPO and a $1.5 billion at-the-market offering. Revenue grew from $131 million in fiscal 2022 to $308 million in fiscal 2026, with adjusted EBITDA turning positive, and backlog rose 72% year over year to $906 million by the first quarter of fiscal 2027. Analysts expect revenue and adjusted EBITDA to grow at compound annual growth rates of 35% and 115%, respectively, from fiscal 2026 to fiscal 2029, though the outstanding share count has risen 36% since its debut and insiders have sold more than twice as many shares as they bought over the past 12 months.
