Planet Labs PBC (PL)

[jbsliverer]

I don't know, the market has it's ways that can be disappointing. There was over 2.5 million shares traded today, so there has to be many who wanted to buy. There has been a change of money toward value instead of growth or speculative, along with tax selling and other factors making for a pretty volatile market. PL has only got a few days under it's belt, so can't even get any bead on the chart, and we don't have any fundamentals acquired or the normal valuation analysis yet as a public company. It doesn't have the "crowd" behind it for a meme stock, or dine and dash spikes, so I would expect a boring slow going effect at first and for the rest of year. But you never know, it could surge upward or downward any time for no obvious reason.

We do know that Planet is not just a new company, has some big names/money behind this and a partnership with Google. They also own the largest fleet of satellites around the world with paying customers. We also know that the space industry will be growing at a pretty high rate in the next few years with a rush to claim and gain as much control over the "final frontier" real estate. PL has a pretty good start in that endeavor.

It's all speculative and higher risk, but I'm looking toward next year a few months from now to start seeing progress and the chance for them to use that “sizable war chest to really think about strategic moves,” that they have with the half a billion in capitol they got from listing. Space is an expensive business.

So we'll have to see what the future will bring, whether the air goes completely flat or gets pressurized. But I do think we need to give a bit more than a few days and look past the current market volatility or corrections.

The only ratings I've seen is rating a buy, that's all I can say, and everyone will have to make their own analysis.