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News  ›  Benzinga

Space Stocks Rip Into 2026 With Firefly In The Lead

Benzinga Logo Benzinga By Erica Kollmann
Space Stocks Rip Into 2026 With Firefly In The Lead

Space stocks surged into 2026 with multiple companies posting double-digit gains, driven by Trump administration support, technical achievements, and SpaceX IPO speculation. Firefly Aerospace leads with a 34% year-to-date gain, while AST SpaceMobile faces valuation concerns despite 28% gains. Rocket Lab, Planet Labs, and Intuitive Machines also show strong momentum, though Virgin Galactic lags with minimal gains.

Insights
TGT   neutral

Minimal gain of 0.034%, with expected earnings of $1.72 per share


ASTS   neutral

While up 28% year-to-date with strong retail interest, Scotiabank downgraded to Sector Underperform citing extreme valuation multiples, creating mixed signals between momentum and fundamental concerns.