What Happened
Smaller Space Players Outperform Sector Giant SpaceX
Rocket Lab and AST SpaceMobile are leading a rebound in space stocks, with both companies seeing their shares rise 8% in morning trading. This comes as Rocket Lab reported a record third-quarter revenue of $267.8 million, exceeding its own forecast. Meanwhile, SpaceX, the sector’s giant, remains steady with a 0.1% increase. The rally reflects a broad appetite for growth stocks, despite the rate background remaining tense. The news was first reported by 24/7 Wall St.