Several space stocks are gearing up to report earnings this week, with AST SpaceMobile Inc. (NASDAQ:ASTS), Firefly Aerospace Inc. (NASDAQ:FLY) and Virgin Galactic Holdings Inc. (NYSE:SPCE) all in focus Monday as investors assess momentum across the sector.
- AST SpaceMobile stock is trading in a tight range. What’s ahead for ASTS stock?
AST SpaceMobile Earnings Watch: Growth Drivers Ahead
AST SpaceMobile is scheduled to report second-quarter earnings today after market close. Analysts estimate a loss of 28 cents per share along with revenue of $34.98 million. For the prior quarter, the company reported a loss of 66 cents per share, missing the consensus estimate of a loss of 22 cents per share. Revenue came in at $14.74 million, missing the consensus estimate of $37.63 million.
Investors should watch for updates on the BlueBird satellite constellation, as the company continues targeting roughly 45 satellites in orbit by the end of 2026. Commentary on carrier partnerships — including AT&T, Verizon, Vodafone and Rakuten — along with any progress on U.S. government contracts, will also be closely watched given management’s view that both will contribute meaningfully to revenue growth this year.
Firefly Aerospace’s Q2 Watchpoints
Firefly Aerospace is scheduled to report second-quarter earnings Tuesday. Analysts estimate a loss of 52 cents per share along with revenue of $88.20 million. For the prior quarter, the company reported a loss of 46 cents per share, beating the consensus estimate of a loss of 48 cents per share. Revenue came in at $80.88 million, beating the consensus estimate of $77.07 million.
Investors should watch for updates on launch cadence and production timelines across Firefly’s Alpha and Elytra vehicles, along with any commentary on backlog growth and margin trends as the company scales toward higher-volume manufacturing.
Virgin Galactic Q2: Delta Class Progress
Virgin Galactic is scheduled to report second-quarter earnings Wednesday. Analysts estimate a loss of 64 cents per share along with revenue of $126,670 thousand. For the prior quarter, the company reported a loss of 81 cents per share, beating the consensus estimate of a loss of 86 cents per share. Revenue came in at $227,000, beating the consensus estimate of $190,000.
Investors should watch for progress on the company’s next-generation Delta Class SpaceShip, which recently moved from the assembly hangar into the test-and-launch hangar, keeping flight testing on track for the third quarter and a targeted first commercial spaceflight in the fourth quarter. Cash burn and free cash flow guidance will also be in focus given the company’s ongoing transition from development into operational testing.
Sector Backdrop
The reports come as space stocks endure a punishing stretch. Rocket Lab, SpaceX, and AST SpaceMobile all shed more than 30% in July, with Goldman Sachs noting that its basket of U.S. space and satellite stocks is roughly five times as volatile as the S&P 500. Despite the selloff, Goldman’s space basket remained up approximately 13% for the year through mid-July, following a surge of more than 360% over the prior two years. Retail sentiment has been mixed heading into this week’s earnings, with a recent Stocktwits poll showing investors split nearly evenly on whether the sector has bottomed or faces further downside. Shares of all three companies were modestly higher heading into their respective reports, though that hasn’t reversed the broader monthly decline.
Space Stocks Edge Higher
Price Action: At the time of writing, Firefly shares are trading 1.55% higher at $27.13, AST SpaceMobile shares are trading 0.65% higher at $72.41 and Virgin Galactic shares are trading at $3.09, according to data from Benzinga Pro.
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