Planet Labs shares surge ahead of SpaceX's $1.75T IPO, boosting space sector stocks.

Planet Labs' stock rose sharply as investors seek exposure to the space economy before SpaceX's IPO, expected to value the company at about $1.75 trillion. With SpaceX still private, traders are turning to public space-related companies like Planet Labs, which offers satellite and data services. This interest is lifting other space stocks such as AST SpaceMobile and Rocket Lab. Despite the recent rally, Planet Labs is in a short-term consolidation phase, with key resistance at $37 and support near $32.