Intuitive Machines and Virgin Galactic shares jump 10% on strong backlog and recovery after delays.

Shares of Intuitive Machines surged 10% despite missing Q2 revenue and earnings estimates, driven by a record backlog of $1.8 billion and strong bookings. Virgin Galactic also gained 10% after bouncing back from a recent 8% drop caused by a delay in commercial service to February 2027. Other space stocks like Rocket Lab and AST SpaceMobile showed minimal gains, indicating the rally is focused on these two companies. Investors will watch Intuitive Machines' upcoming contract awards and Virgin Galactic's next flight tests for further catalysts.