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PL News24 articles
Rocket Lab Set for Nasdaq-100 Debut After Holiday Rebound
Rocket Lab enters the Nasdaq-100 on Monday after a 4.7% weekly gain, though shares are still 29% below their May high. Index inclusion could spur passive flows, but sector volatility from SpaceX and execution risks remain key.
SpaceX ETF Frenzy Sparks Concerns Over Retail Investor Risk
SpaceX's first week as a public company saw over $10 billion in leveraged ETF trading and record ARK Innovation flows, raising concerns about retail investor risk amid high volatility.
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
Space Stocks Reel as SpaceX's $2.1 Trillion Debut Reshapes Sector
SpaceX's $75B IPO sent shockwaves through the space sector, with smaller players like Rocket Lab and AST SpaceMobile hit hard. All eyes are on AST's upcoming satellite launch.
SpaceX Soars 19% on Nasdaq Debut, Musk Becomes First Trillionaire
SpaceX surged 19% on its first trading day, closing at $160.95 and achieving a $2.1 trillion market cap. Elon Musk's net worth hit trillionaire status, while Virgin Galactic and Rocket Lab shares fell sharply.
SpaceX IPO Triggers Sector Rotation Away from Smaller Space Stocks
SpaceX's IPO surged 19% to $160.95, sparking a broad selloff in space stocks as investors rotated capital. Rocket Lab fell 10.8%, AST SpaceMobile dropped 15.5%.
Wall Street Edges Higher on SpaceX IPO Surge and Falling Oil Prices
U.S. stocks closed higher on Friday, lifted by a strong SpaceX debut and lower oil prices. The S&P 500 rose 0.5% to 7,431.46, while the Dow gained 0.7%.
Planet Labs Surges on SpaceX IPO Buzz, Dilution Risks Loom
Planet Labs surged 11% as space stocks rallied ahead of SpaceX's $75B IPO, but a $1.5B at-the-market program and ongoing losses raise dilution concerns.
Redwire Stock Drops 6.5% on $500M ATM Offering Plan
Redwire Corp shares fell 6.5% to $17.37 after filing a $500M at-the-market stock program, raising dilution concerns despite record backlog and strong revenue growth.
Planet Labs Stock Plunges 26% on $1.5B ATM Offering Despite Record Revenue
Planet Labs shares plummeted 26% after unveiling a $1.5B at-the-market stock sale program, sparking dilution fears despite record revenue and government contract wins.
Planet Labs Shares Tumble 22% on $1.5 Billion ATM Stock Sale Plan
Planet Labs shares plunged 22% after announcing a $1.5 billion ATM stock sale, raising dilution fears despite record Q1 revenue and raised guidance.
Planet Labs Q1 Revenue Surges 42% to Record $94.2M, Backlog Hits $906M
Planet Labs posted record Q1 revenue of $94.2M, up 42% YoY, beating estimates. Backlog surged 72% to $906M on defense demand, but net loss ballooned to $138.9M on a $106.5M warrant revaluation.
Redwire Shares Surge on Space Strawberry Contract
Redwire shares soared 14.6% to $21.33 after winning a contract to grow strawberries on the ISS, but the undisclosed deal value leaves near-term financial impact uncertain.
Planet Labs Rallies Ahead of Holiday; Q1 Earnings in Focus
Planet Labs shares climbed 4.3% to $44.35 on Friday, up 6.6% for the week. The company will report fiscal first-quarter results on June 4.
Planet Labs Shares Dip But End Week Higher on Satellite Launches and European Contract
Planet Labs shares closed at $41.62 on Friday, down 3.3%, but posted a weekly gain of 6.6% amid new satellite launches and a European contract win.
Planet Labs Surges 11% on Greek Satellite Imaging Deal, Signaling EU Demand
Planet Labs shares surged 10.8% after a two-year, seven-figure contract with Greece's National Satellite Space Project, signaling growing European demand for satellite imagery.
Intuitive Machines Surges 20% Ahead of Lunar Mission and Earnings
Intuitive Machines shares surged 20.2% to $28.97, reversing a prior drop, ahead of its Q1 earnings report and a key lunar mission test.
LUNR Surges 20% as Space Stocks Rally Ahead of Earnings Report
Intuitive Machines stock surged 20% to $28.97 on heavy call option volume ahead of its May 14 earnings report, joining a broader space sector rally led by Rocket Lab's 34% jump.
Planet Labs Deploys Swedish Military Satellite Via SpaceX Rideshare
Planet Labs launched three Pelican satellites on a SpaceX rideshare, including the first for its Swedish Armed Forces deal. The satellites feature high-res imaging and Nvidia Jetson edge computing.
Space Sector Stocks Rally as SpaceX IPO Speculation Intensifies
Shares of several publicly traded space companies jumped sharply Monday as market participants positioned for SpaceX's expected initial public offering later this year.
Planet Fitness Shares Dive 31% on Slashed 2026 Outlook and Membership Woes
Planet Fitness shares plummeted 31% after the company slashed its 2026 growth targets and paused a planned Black Card price hike due to weak member growth and increased competition.
Planet Fitness Shares Dive 31% on Slashed 2026 Guidance, Weak Membership Growth
Planet Fitness shares tumbled 31% after the gym chain cut its 2026 outlook, citing weak first-quarter net member adds and lower same-club sales growth of about 1%.
Interstellar Comet 3I/ATLAS Bears Water Signature from Frigid Exoplanetary System
ALMA measurements of deuterated water in interstellar comet 3I/ATLAS show a D/H ratio over 40 times Earth's oceans, indicating origin in a far colder system.
Planet Labs Surpasses Forecasts, Eyes AI Growth with Nvidia
Planet Labs announced fourth-quarter revenue of $86.8 million, a 41% increase, beating analyst estimates. The company also provided an optimistic revenue forecast for fiscal 2027 and highlighted its deepening AI collaboration with Nvidia.