SpaceThe Motley Foolabout 12 hours ago
Why Planet Labs Stock Crashed Today
1 min read
Planet Labs stock dropped 9% by 12:50 p.m. ET today, the same day investors began paying for new SpaceX IPO shares. The stock had risen 38% over the prior four months on SpaceX IPO fever. SpaceX is losing money and burning cash, while Planet Labs generates positive free cash flow.
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