Why These Defense Stocks Are Declining This Week

5. Planet Labs PBC (NYSE:PL)

Weekly Decline: -13.85%

Planet Labs PBC (NYSE:PL) provides global daily satellite imagery and geospatial solutions. It is among the defense stocks that are declining this week.

The company’s share price nearly doubled in 2024, but the momentum seems to be fading in 2025, with the stock dipping 34% over the past month, including a 13.85% slump last week. Analysts believe the surge in space stocks last year may have resulted in these companies appearing overvalued to investors, who are now selling their shares to lock in profits.

Another opinion behind Planet Labs PBC (NYSE:PL)’s stock declining is that while the company has made significant improvements in the fundamentals of the business and is inching toward profitability, its revenue is growing at a slow pace compared to projections made before its IPO.