Is Planet Labs The Cheapest Stock In The Space Economy?

Planet Labs stock has declined over 50% from its $51.40 all-time high to $25, trading at 27x sales—cheaper than SpaceX (132x) and AST SpaceMobile (43x). While the company shows strong fundamentals with 72% year-over-year backlog growth and projected 35% revenue CAGR through 2029, investors should be cautious due to 36% share dilution since IPO and significant insider selling.