SpaceX shares rise after Argus upgrades rating following a Q2 earnings beat, while Rocket Lab gains on its 92nd Electron mission.
SpaceX (SPCX) stock advanced early Friday after Argus upgraded its rating to buy from hold, citing the company’s stronger-than-expected Q2 results. The upgrade follows SpaceX’s earnings beat earlier in the week, though the firm’s forward guidance remains under scrutiny.
Rocket Lab shares surged past a key resistance level after successfully completing its 92nd Electron mission. The broader space sector saw gains, with investors reacting to recent operational milestones and analyst sentiment shifts.
SpaceX’s upgrade reflects growing confidence in its commercial launch dominance, while Rocket Lab’s mission success underscores its expanding market presence.