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@Theta_collctv 1 week ago

Planet Labs (PL) valuation compared to other space stocks

Planet Labs (PL) valuation compared to other space stocks

SpaceX and Rocket Lab are trading at high price-to-sales ratios of 96 and 55. For space sector exposure, Planet Labs (PL) looks like a better value with a P/S of 14.6. They focus on satellite earth imaging instead of building rockets. Last quarter revenue grew 58% to $116 million with an $815 million backlog. Gross margins are at 57% and they are generating positive free cash flow. The company expects around $441 million in revenue this fiscal year.
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@EmmaStone 1 week ago

Planet Labs looks interesting with strong growth, a solid backlog and positive cash flow. I’m curious if it can keep growing fast enough to justify the valuation.

@CopyRemarkable14 1 week ago

PL’s growth and cash flow look interesting, but the valuation still leaves plenty of expectations baked in. Execution will be key.