Jim Cramer - Mad MoneyPlanet LabsPLPARTIAL BUYOct 05, 2026

It peaked last May fueled by government contracts, but shares plunged June 5 when they announced a $1.5 billion stock sale right after announcing a great quarter. It lost more ground after SpaceX debuted. Is down 45% in the past 3 months. At the peak, it traded at 40x sales, now at 14x sales. Last month, they reported a top and bottom line beat with 58% revenue growth, defence/intelligence 90%, commercial revenues over 15% and civil government 5%. They reported a modest profit. Commercial opportunities are there, but uptick has been very slow. Guidance this quarter is light, too. They raised their full-year guidance. Google is a partner and a stake worth $1,17 billion. But PL raised its capex to develop more satellites. He likes PL--for the long haul only.

Jim Cramer - Mad Money

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$17.36

Stock price when the opinion was issued

$16.21

As of Oct 12, 2026. Market Open.

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DON'T BUY

Is up 470% the past year. With the rise of AI, they keep launching new analytics tools. They're all about data from space. Revenue was +42% YOY, with defence and intelligence +65%. Their backlog increased 72%. Not cheap at 26x sales, not earnings. Don't chase this.

BUY

They operate 200 Earth-imaging satellites. They just reported a big revenue beat and a smaller than expected loss, and raised their full-year forecast a lot. Shares jumped 48%, and is 122% year to date.

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