3 Things to Watch With Planet Labs Stock

Planet Labs (NYSE: PL) has caught my eye very early in its journey as a public company. The company came public via a special purpose acquisition company in early December 2021, yet it has already fallen over 50% to less than $5.50. Despite this fall, the company has some strong competitive advantages.

Planet owns and operates the largest Earth-imaging satellite fleet, with nearly 200 satellites taking pictures of the world today. This fleet has allowed the company to take a picture of every single landmass in the world, every day -- giving Planet unrivaled information. The company has also earned the trust of governments, and all these advantages have made it appear impressive. Although, there are a few things that investors might like to see change within the business before placing a position in this stock.

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Source Fool.com