Shares of RKLB and ASTS fluctuate ahead of earnings reports amid sector-wide gains earlier in the quarter.
Rocket Lab (RKLB) and AST SpaceMobile (ASTS) will report second-quarter earnings after markets close on Monday. RKLB stock rose as much as 3% in morning trading before paring gains, while ASTS fell 2%, according to data tracked during the session.
Both companies saw their shares reach historic highs earlier in the quarter, driven by broader enthusiasm in the space industry. Comparable earnings reports from peers have shown mixed results, with investor focus on revenue growth and contract wins.
SpaceX stock briefly traded above its $135 IPO price last week following a rebound, while ARK Invest’s Cathie Wood purchased an additional $15 million in shares.