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Planet Labs PBC (NYSE:PL) shares are climbing Thursday. The stock is participating in a massive sector-wide rally.
SpaceX IPO Buzz Lifts Sector Sentiment
The move is being fueled by reports that SpaceX has confidentially filed for an initial public offering, potentially targeting a June debut at a valuation north of $1.75 trillion. If realized, it would mark the largest IPO on record—sparking expectations of fresh capital inflows and renewed investor focus across the space economy.
M&A Chatter Adds Momentum
Additional upside is coming from deal speculation surrounding Globalstar Inc. (NYSE:GSAT), which is reportedly in acquisition talks with …
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