Planet Labs PBC
🧟 ZombieTrust Size
$410M
Peak Price
$13.32
Current Price
$3.50
Return
-65.0%
Peak Market Cap
$4.0B
What Happened
Satellite imaging company with 200+ satellites — the largest Earth observation fleet. Down 73% from peak but still operating with $200M+ revenue. A real business struggling with valuation.
Planet Labs merged with dMY Technology Group IV in December 2021. The company operates over 200 small satellites that photograph the entire Earths landmass daily. It serves government intelligence, agriculture, and insurance clients. Revenue grew from $131M to $220M+ but the company remained unprofitable. Stock fell from $13 to $3.50 as growth decelerated. One of the more legitimate space SPACs with a real product.
Projections vs. Reality
Projected Revenue
$400M
What they told investors
Actual Revenue
$220M
What actually happened
Hype-to-Reality Ratio: 55.0x
Key People
Will Marshall
CEO & Co-founder
Ex-NASA scientist, built satellite constellation
Timeline
2021-07
SPAC merger announced
2021-12
Merger completed
2022-12
Revenue hits $190M
2024-01
Revenue $220M but still unprofitable
2025-01
Stock at $3.50
📄 SEC Filings
View all EDGAR filings for Planet Labs PBC
Risk Scores
Dilution Score
55/100
Insider Profit Index
42/100
Hype-to-Reality Ratio
55.0x
Projected ÷ actual revenue