Overview
- AST SpaceMobile shares rose 10.3% to close at $92.62 as traders positioned for the company’s next satellite launch.
- Blue Origin said BlueBird 7 is targeted to lift off no earlier than April 10 on a New Glenn rocket from Launch Complex 36 at Cape Canaveral.
- The rebound followed a recent drop in space stocks, when AST SpaceMobile and Rocket Lab each fell about 6% as investors pulled back due to worries over the Iran conflict and a long market holiday.
- AST reported fourth-quarter revenue of $54.3 million, a 2,731% year-over-year jump, and it is building toward 45 to 60 BlueBird satellites in orbit by the end of 2026 to deliver service directly to standard smartphones.
- Rocket Lab completed its purchase of Mynaric and reported $179.7 million in fourth-quarter revenue with a $1.85 billion order backlog, showing steady customer demand even as shares react to headlines.