AST SpaceMobile reported a larger-than-expected adjusted loss of $0.77 per share for Q2 2026, missing analyst estimates of a loss between $0.26 and $0.32 per share. Revenue rose to $31.5 million from $15.8 million in Q1 but fell short of the $35 million expected, driven by gateway deliveries and US government program milestones. Operating expenses surged to $329.1 million due to a $125.9 million loss on involuntary conversion and increased costs across various categories. Despite this, the company reaffirmed its full-year revenue guidance of $150 million to $200 million, highlighted partnerships with over 60 mobile network operators covering 3 billion subscribers, and expanded its satellite constellation to 13 spacecraft, preparing for beta services with strategic partners.
Space stocks traded unevenly Thursday morning following Intuitive Machines' Q2 earnings report, which showed record revenue but missed expectations and a wider loss. Despite the miss, new contract awards and backlog growth helped limit the selloff, s...
SpaceX shares surged 9.65% following Elon Musk's prediction at a company town hall that Starlink might eventually handle over 90% of the world's internet traffic. This bold forecast highlights Starlink's rapid growth, with nearly 11,000 satellites in...
Elon Musk announced that SpaceX's Starlink aims to expand its satellite network to 100,000 units, nearly doubling the current total satellites in orbit. He envisions Starlink handling over 90% of global internet traffic, effectively rebuilding the in...
SpaceX shares dropped 5% to $131.78 after a recent 11% rally driven by an Argus upgrade faded. The decline reflects investor caution over the company's heavy capital spending on AI infrastructure, including plans for orbital data centers, and the imp...
AST SpaceMobile reported higher Q2 2026 revenue of $31.52 million, up from $1.16 million a year earlier, driven by government contracts and gateway deliveries. However, its net loss widened to $230.91 million, or $0.77 per share, due to increased ope...
