Planet Labs is trading 5.63% lower at $12.75 now, with space-sector sentiment likely weighing on shares despite gains in major U.S. indexes and technology stocks.
- A report said Planet Labs and several space stocks fell 2%–6% overnight amid political concerns after Democratic midterm gains, including fears of scrutiny affecting Musk-linked businesses.
- Planet Labs’ November 4 announcement of Pelican-12’s first-light image does not establish a reason for the decline.