Space stocks rally as AST SpaceMobile, Rocket Lab, and Planet Labs surge on strong sector sentiment.

Space stocks AST SpaceMobile, Rocket Lab, and Planet Labs saw significant gains Friday, rising 7%, 6%, and 4% respectively, driven by positive sector sentiment after a mid-week dip. Each company represents a different space market segment: AST SpaceMobile focuses on satellite connectivity, Rocket Lab on launch systems with its upcoming Neutron rocket, and Planet Labs on AI-driven Earth observation. Despite strong revenue growth and contracts, risks remain due to ongoing losses and high valuations. Key upcoming events include AST's satellite launches in June and Rocket Lab's Neutron debut later in 2026, which will be important to watch for sustained momentum.