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News 2026-10-08 14:02 UTC

Why Is Planet Labs Stock Falling on Thursday?

Planet Labs (NYSE: PL ) shares moved lower by about 4% on Thursday as aerospace and defense stocks traded down amid spillover from a report that SpaceX is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers, according to Pro. The stock was down 3.99% at $17.04 in Thursday trading, while NA

News 2026-10-06 23:48 UTC

SpaceX Seeks $40B For Nvidia Chips, Stock Falls

SpaceX shares fell 1% in after-hours trading amid reports that the company is seeking $40 billion in financing to purchase Nvidia chips, highlighting the significant capital expenditure required for AI buildouts.