Volatility went wild among space stocks On Tuesday, the stock of a company involved in exploring the moon experienced changes in its value. Intuitive Machines refers to a company specializing in innovative technologies and solutions. ( LUNR 33.41% ) Increased by 35.6% by 3 p.m. Eastern Time, but the company that manufactures rockets Rocket Lab ( RKLB -7.51% ) a satellite communication specialist AST SpaceMobile is a company that focuses on providing mobile connectivity services through satellites. ( ASTS -11.09% ) decreased by 6.2% and 12.3%, in that order.
The decrease in AST occurred following the FCC’s approval. Globalstar The company GSAT, listed on the New York Stock Exchange, plans to launch 17 new satellites for direct communication between cellphones, potentially rivaling AST. Additionally, the FCC granted Globalstar an extension on its operating license until 2039.
Rocket Lab and AST are prepared for launch.
In August, there was a surge in momentum traders interested in Rocket Lab and AST SpaceMobile, as they were anticipating the upcoming high-profile space missions. Rocket Lab’s stock has seen a remarkable 40% increase since the beginning of August, following the successful delivery of the “EscaPADE spacecraft” to Cape Canaveral. journey to Mars .
The stock of AST SpaceMobile has increased by nearly 30% since August 1st, following the delivery of five satellites to Cape Canaveral for a launch scheduled in September. This achievement is expected to bring the company closer to its goal of providing services. Communications between cellphones using satellite technology throughout the United States. Nevertheless, AST’s growth prospects may be curtailed by competition from Globalstar, which could impact its expansion in the industry and worldwide.
Intuitive Machines: Exploring the moon with rover technology
Intuitive Machines is planning to launch its IM-2 mission to the moon either in late 2024 or early 2025. According to SpaceNews, Intuitive Machines might also compete for a NASA contract to take over Astrobotic Technology’s “VIPER” mission, which aims to land a rover near the south pole of the moon to investigate the presence of ice.
Allegedly, VIPER’s budget still has $84 million left out of the total $433.5 million, which is double the amount that Intuitive Machines has received. in all of Q2 , providing Intuitive Machines with a compelling reason to compete for the project.
Is it a good idea to invest in space-related companies?
Here is the essential information you should be aware of regarding these three space-related companies. growth stocks Indeed, they have promising opportunities and impressive sales growth. stocks with high growth potential and strong price momentum The company is more concerned with generating attention through headlines rather than focusing on making profits. According to The Fly, there has been a significant increase in options trading activity for at least two of the three companies in recent days.
But S&P Global Market Intelligence is the name of the company. Intuitive Machines is projected to become profitable after 2026, while Rocket Lab and AST are not expected to achieve profitability until 2027. Investors should take note of this information.
