This satellite stock has crashed 66%. Jim Cramer says it's time to start buying
CNBC's Jim Cramer said Planet Labs' lower valuation and improving business are enough to make him start buying.
Last updated: 2026-10-06 07:52:33 ET
Pulse AI Brief
Updated Oct 6, 2026 7:03 AM ET
RobCo, a developer of next-generation autonomous industrial robots, has surpassed a $1 billion valuation as investors back its U.S. expansion strategy. The unicorn status reflects accelerating demand for warehouse and manufacturing automation amid labor constraints.
The funding validates the industrial robotics sector and supports equipment suppliers like ABB, KUKA, and Teradyne. RobCo's growth trajectory could pressure labor-intensive logistics operators and accelerate capex cycles among manufacturers seeking to offset wage inflation.
The valuation reflects structural shifts in manufacturing and logistics driven by tight labor markets and rising wages. RobCo's success signals that autonomous systems are moving from niche to mainstream, with implications for employment and productivity growth across industrial sectors.
CNBC's Jim Cramer said Planet Labs' lower valuation and improving business are enough to make him start buying.
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