Planet Labs PBC (NYSE:PL) shares are climbing Thursday as investors rotate into commercial space stocks ahead of SpaceX’s historic IPO.
- Planet Labs shares are climbing with conviction. Why is PL stock surging?
With the offering expected to value SpaceX at about $1.75 trillion, traders are looking for publicly traded names that can benefit from the surge in attention and capital flowing into the sector.
Investors Are Searching For Public‑Market Space Exposure
Because SpaceX is still private until Friday, traders are turning to public companies and funds that sit near the same theme. Several large firms already own SpaceX stock, including Alphabet, Bank of America and EchoStar. Funds like Destiny Tech 100 also hold SpaceX through SPVs. But for investors who want direct exposure to the space economy without waiting for the IPO allocation, Planet Labs has become a natural target.
The Ripple Effect Across Space Peers
Other space names are also moving. AST SpaceMobile and Rocket Lab have both seen increased interest as the sector heats up. The surge in demand for SpaceX exposure is lifting the entire group, and Planet Labs is participating in that momentum because it is one of the few pure‑play satellite and data companies available on public markets.
Critical Levels To Watch For Planet Labs Stock
Planet Labs is trying to stabilize after a sharp pullback. Even with Thursday’s bounce, the stock remains 21.1% under its 20‑day simple moving average at $42.37 and 13.7% under its 50‑day simple moving average at $38.76. That positioning frames the current move as a rebound inside a short‑term downtrend. The broader trend still leans constructive, with shares sitting 44.4% above the 200‑day simple moving average at $23.16 and a bullish long‑term crossover still intact as the 50‑day simple moving average holds above the 200‑day simple moving average.
Momentum is soft. MACD sits below its signal line and the histogram is negative, which signals that upside pressure has cooled compared to the prior advance. When MACD stays below the signal line, buyers usually want to see a clear turn higher before calling the rebound a trend shift.
Structurally, the chart is still digesting the run to the May swing high, which also marked the 52‑week peak at $51.76. The most recent swing low formed in March, so the stock is working through a post‑peak consolidation. Traders tend to anchor to the following levels:
- Key Resistance: $37.00 — a round‑number zone near the 50‑day area where rebounds often stall
- Key Support: $32.00 — a nearby floor just above the 100‑day simple moving average at $32.32 where buyers may try to defend trend support
PL Shares Are Rising
PL Price Action: Planet Labs shares were up 9.18% at $33.54 at the time of publication on Thursday, according to Benzinga Pro.
Image: PJ McDonnell/Shutterstock
