Several space stocks jumped last week on successful missions and bullish analyst coverage, while others slipped due to delays and new offerings.

Here's a look at what's going on the space sector: 

AST SpaceMobile – ASTS 

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are up nearly 17% over the past five days, even after dipping slightly on Monday. 

Several analysts have recently updated coverage on the stock, including: 

• BofA Securities initiated coverage on AST with a Neutral rating and announced a price target of $55.
• Scotiabank analyst Andres Coello downgraded AST from a Sector Outperform rating to a Sector Perform rating and announced a $45.40 price target.
• B. Riley Securities analyst Mike Crawford maintained a Buy rating on AST and raised the price target from $36 to $44.

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Rocket Lab – RKLB

Rocket Lab Corp. (NASDAQ:RKLB) shares hit all-time highs last week after Citigroup maintained a Buy rating and raised its target from $33 to $50, citing continued progress on the company's Neutron rocket development and a growing satellite systems unit.

Rocket Lab has a 100% mission success rate in 2025 with 10 Electron missions completed year-to-date and four successful launches in June alone. 

BlackSky – BKSY

BlackSky Technology, Inc. (NYSE:BKSY) stock plunged last week after the company announced an upsized $160 million senior convertible notes offering and disclosed disappointing preliminary second-quarter results. 

The company disclosed in an 8-K filing preliminary, unaudited second-quarter revenue of $22 million, versus the estimate of $27.73 million.

In the same filing, the company estimated fiscal year revenue in a range of $105 million to $130 million.

Virgin Galactic – SPCE

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares have gained 33% on strong volume and rising investor sentiment over the past week. The company is set to report its second-quarter results before the opening bell on Aug. 6. 

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Planet Labs – PL 

Last Thursday, Planet Labs Pbc (NYSE:PL) announced an expanded multi-year contract with Colombia's Instituto Geográfico Agustín Codazzi to provide satellite data and AI-powered analytics for land management. 

Planet Labs shares are up more than 32% over the past month on a series of major recent contract wins with global defense and intelligence agencies.

Intuitive Machines – LUNR 

Intuitive Machines, Inc. (NASDAQ:LUNR) stock dropped more than 9% on Monday despite a lack of company-specific news. 

Last week, BofA Securities analyst Ronald Epstein maintained an Underperform rating on the stock and lowered the price target from $16 to $10.50.

Project Kuiper

Amazon.com, Inc. (NASDAQ:AMZN) advanced its Project Kuiper satellite initiative by launching 24 new satellites last week, bringing the total to 78. Amazon partnered with SpaceX, parent company of rival Starlink, for the launch. 

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