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Planet Labs Sinks 8% Despite New Defense Contract, Intuitive Machines Pulls Back, AST SpaceMobile Sits Out Broad-Market Rally

Yahoo Finance · Sep 3, 2026 · SPDR S&P 500 ETF Trust (SPY)

A new European defense contract and a fresh analyst Buy rating landed for Planet Labs on Thursday, yet the stock cratered anyway while the broader market rallied. Something specific to this sector is spooking investors ahead of a closely watched earnings release tonight.

Original at Yahoo Finance

Not investment advice. Cached headline, not a full reprint.