StocksMedium•10 November 2026•
1 min read
Space Stocks Slump Led by Rocket Lab and AST SpaceMobile After Earnings
Key Facts
1Rocket Lab stock fell 9% to $53.33 despite reporting a record backlog in its quarterly results.
2AST SpaceMobile shares dropped 6% following a price target cut by Bank of America.
3SpaceX shares slid 3% as the broader space sector faced selling pressure.
Rocket Lab stock fell 9% to $53.33 despite the company reporting a record backlog in its quarterly results. According to 247wallst.com, AST SpaceMobile shares dropped 6% following a price target cut by Bank of America, while SpaceX shares slid 3% as the broader space sector faced general selling pressure.
Rocket Lab closed at $58.86 on November 9, 2026, while AST SpaceMobile closed at $36.89 on the same date. 247wallst.com reported that Rocket Lab's record backlog failed to offset investor concerns following its earnings report, and SPCX closed at $142.07 on November 9, 2026.