AST SpaceMobile Sinks 6%, Rocket Lab Down 5% as Space Stocks Give Back a Stellar Week David Hanson Fri, November 13, 2026 at 12:30 PM EST 3 min read ASTS -4.33% RKLB -4.20% LUNR -2.43% ^IXIC -1.07% FLY -1.38% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
AST SpaceMobile fell 6% today with no company news, as Rocket Lab, Intuitive Machines and Firefly Aerospace slid on hot inflation data.
Intuitive Machines fell almost as hard a day after a record quarter, so this looks like a sector pullback more than a verdict on AST.
AST has the least revenue to lean on, and its target for about 45 satellites in orbit just slipped to mid-2027.
A launch date for AST's next satellites matters far more than today's drop.
AST SpaceMobile (ASTS:NASDAQ) fell 6% today, with no company news behind it. Space stocks gave back part of a stellar week after earnings, as fresh producer price data and a Federal Reserve official's remark that inflation is broad-based pushed the Nasdaq lower.
The rest of the group fell with it. Rocket Lab (RKLB:NASDAQ) is down 5%, and Intuitive Machines (LUNR:NASDAQ) is off 5% a day after a record quarter. Firefly Aerospace (FLY:NASDAQ), which is building engines for AST's own rocket, dropped 4%.
Intuitive Machines posted record third-quarter revenue of $269 million, $33 million of free cash flow and a $1.9 billion backlog. Two firms cut their targets on it, Clear Street citing dilution, but both kept Buy ratings. Rocket Lab also posted record revenue, $268 million, and a $3.57 billion backlog. When investors sell the whole group, they don't stop to check whose quarter was better.
TIKR tracks 13 analysts on AST SpaceMobile. How many say "Buy"?
See the full breakdown of Buy, Hold, and Sell ratings on AST SpaceMobile, along with Wall Street's revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See AST SpaceMobile's Analyst Ratings
AST's third-quarter revenue of $42.3 million missed the $46 million analysts expected, though management kept its full-year guidance of $150 million to $200 million. And on Nov. 9, it pushed its target of about 45 BlueBirds in orbit to mid-2027, its second slip this year. Analysts expect revenue to ramp hard once those satellites are up:
Nothing in today's selloff should move those estimates, though another slip could pull 2027's lower, and BlueBirds 14 to 16 still await a launch date from SpaceX.
AST traded at 26x forward sales at the last close, far below its five-year average of 60x:
At today's price, it's even lower, though that's still a rich multiple for a company this early.
That's where Firefly comes in. Its contracts with AST, worth more than $1.3 billion, include 36 engines for the first three Blacklift rockets, the vehicle AST is building to control its own schedule. Today Jefferies cut its Firefly target to $30 from $35, kept a Buy rating, and said Core Launch "continues to move right." If Firefly's work slows, AST leans on SpaceX for longer.
The way I see it, today's drop is noise. AST has the most riding on dates other companies set, and I'd rather see a firm date for BlueBirds 14 to 16 than any bounce in the Nasdaq. Of course, space stocks can swing back as fast as they fell.
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