Key insights
- Space stocks experienced a pullback after a significant rally, with AST Space Mobile notably down 20%. While the sector has shown strong performance over the past year, many companies remain in experimental phases, incurring substantial net losses despite growing revenue. The future performance may be influenced by SpaceX's potential IPO and ongoing test launches.
Market Catalyst host Julie Hyman breaks down the latest moves in space stocks after the sector pulled back following a strong 2026 rally. Using Yahoo Finance's new platform, Alphaspace, Hyman takes a deeper dive into the recent volatility and what’s driving the trade.
Well, I've been digging into some of these um space ETFs and some of the individual space companies because as Praus mentioned, they have been ripping but not today.
So I'm taking a look at Alpha Space which is Yahoo Finance's platform where you can build these kinds of screeners here and and tools to sort of measure them.
So here we have um some of these space companies and space ETFs. Um as you can see, all of them are trading lower today. AST Space Mobile in particular is taking a hit. It's down about 20%.
But also to the point we were talking about, these stocks have done enormously well over the past um year or so.
Now, this one is showing NASA which is one of the ETFs and it hasn't been around that long. So this chart only goes back a little ways, but even in the life of this ETF, it's up by some 38%.
Rocket Lab has rocketed higher, again to use that um that that word play.
Um so the the pullback today is coming on the back of all of that. But also to the point where we were talking about, if you look at the metrics for the sort of financials around this company, yes, uh something like Rocket Lab last year had $600 million in um in revenue, but it also lost nearly $200 million in terms of its net losses.
So these are companies that are still in many cases in somewhat experimental phases. Certainly they're still spending more than they bring in in most of these cases.
Um, so we'll see how that evolves as we watch the whole quest for SpaceX to go public and as we continue to watch some of these test launches as well.