Prediction: SpaceX Will Underperform Planet Labs This Year

Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, launched its IPO in June with high hopes. While it benefited from an initial bump, its fortunes quickly reversed, and shares now sell below its original IPO price.

A likely reason for the pullback was the valuation of the communication stock, which remains extremely elevated. This overvaluation is so extreme that Planet Labs (NYSE: PL), which SpaceX has so far outperformed, is likely to earn higher returns (or at least lower losses) for 2026. Here's why.

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