Planet Labs PBC (NYSE:PL) shares are climbing Thursday as investors rotate into commercial space stocks ahead of SpaceX's historic IPO.

Planet Labs shares are climbing with conviction. Why is PL stock surging?

With the offering expected to value SpaceX at about $1.75 trillion, traders are looking for publicly traded names that can benefit from the surge in attention and capital flowing into the sector.

Investors Are Searching For Public‑Market Space Exposure

Because SpaceX is still private until Friday, traders are turning to public companies and funds that sit near the same theme. Several large firms already own SpaceX stock, including Alphabet, Bank of America and EchoStar. Funds like Destiny Tech 100 also hold SpaceX through SPVs. But for investors who want direct exposure to the space economy without waiting for the IPO allocation, Planet Labs has become a natural target.

The Ripple Effect Across Space Peers

Other space names are also moving. AST SpaceMobile and Rocket Lab have both seen increased interest as the ...