Today: 12 June 2026
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Space Industry 29 May 2026 - 5 June 2026

Planet Labs tops revenue estimates, faces next challenges

Planet Labs tops revenue estimates, faces next challenges

Planet Labs smashed revenue estimates with a record $94.2 million, up 42% year-over-year, as government and defense demand drove backlog up 72% to $906 million, but net loss ballooned to $138.9 million due to a $106.5 million warrant-liability revaluation tied to the share price surge; Planet forecast Q2 revenue of $102–$107 million and adjusted EBITDA profit of up to $5 million.
4 June 2026
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Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

Redwire Stock Gains After Space-Strawberry Announcement, More Ahead

Redwire shares soared 14.6% to $21.33 after announcing a contract with Astrobiome Space for crop research on the ISS, marking the first commercial flight of its Greenhouse system; contract value was undisclosed, leaving investors to weigh the near-term financial impact as Redwire works to convert a record $498.1 million backlog into revenue following a recent Jefferies downgrade to Hold.
4 June 2026
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Redwire Shares Fall After Steep Space Rally; Traders React

Redwire Shares Fall After Steep Space Rally; Traders React

Redwire shares plunged 8.7% to $18.78 after Jefferies downgraded the stock on valuation concerns, despite 57.9% Q1 revenue growth and a record $498.1 million backlog; investors now demand evidence that contract wins and strong demand will translate into actual revenue and profits as SpaceX’s record IPO looms and the space sector resets.
3 June 2026
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Redwire’s Space Surge Pauses as Jefferies Lowers Rating

Redwire’s Space Surge Pauses as Jefferies Lowers Rating

Redwire shares rose 0.7% after Jefferies cut its rating to “Hold,” warning the stock’s 223% year-to-date rally outpaced fundamentals, with adjusted EBITDA expected to stay negative in 2026; as SpaceX’s record IPO looms, Redwire’s backlog hit a record $498.1 million, but risks include unconverted orders and a recent share sale that raised $63.5 million while increasing share count.
2 June 2026
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Starfighters Space Stock Holds Up as FJET Defies Broader Drop

Starfighters Space Stock Holds Up as FJET Defies Broader Drop

Starfighters Space stock jumped 29% to $9.50 on heavy volume after a $17.5 million equity investment update. The company posted no revenue last quarter, burned $4.05 million in operating expenses, and warned of going-concern risks. Ex-CEO Rick Svetkoff is suing for $26 million. Rocket Lab and Intuitive Machines fell sharply, but Starfighters rallied as it seeks more capital to fund its supersonic launch platform.
1 June 2026
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Redwire shares sink as space stocks retreat

Redwire shares sink as space stocks retreat

Redwire shares plunged 16.4% to $20.53 after Jefferies downgraded the stock to Hold, citing valuation concerns despite raising its price target to $24. Trading volume topped 25.8 million shares. Redwire’s Q1 revenue jumped 57.9% to $97 million, backlog hit $498.1 million, but net loss widened to $76.5 million. The company announced new defense drone contracts, while a $350 million at-the-market offering remains pending.
1 June 2026
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Rocket Lab Drops 13%, Questions Raised Around SpaceX IPO Trade

Rocket Lab Drops 13%, Questions Raised Around SpaceX IPO Trade

Rocket Lab plunged 13.1% to $124.74 Monday after a sharp rally, as traders reassessed the stock ahead of SpaceX’s record-setting June IPO. Despite new contracts, a $90 million Space Force deal, and the Motiv Space Systems buyout, investors are eyeing risks tied to Rocket Lab’s unproven Neutron rocket and a high valuation at 124 times trailing sales. Q1 revenue rose 63.5% to $200.3 million; backlog stands at $2.2 billion.
1 June 2026
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Virgin Galactic Shares Spike on 5% Stake News and Delta Flight Update

Virgin Galactic Shares Spike on 5% Stake News and Delta Flight Update

Virgin Galactic shares soared nearly 28% Monday after RichRich Capital disclosed a 5.26% stake and management reaffirmed Q3 flight tests and Q4 commercial launches. Stock hit $8.23 before settling at $7.91 on heavy volume. Virgin Galactic posted a $65M Q1 net loss, negative $93M free cash flow, and expects another negative quarter. Court approved a $2.75M shareholder settlement. Market cap stands at $629M.
1 June 2026
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Blue Origin Explosion Puts AST SpaceMobile Stock at Risk Monday

Blue Origin Explosion Puts AST SpaceMobile Stock at Risk Monday

AST SpaceMobile stock plunged 14.79% to $113.41 Friday after a Blue Origin New Glenn rocket exploded in a test, raising doubts about the company’s 2026 satellite rollout. Deutsche Bank cut its rating to Hold, slashing the price target to $106. AST says upcoming launches use SpaceX, not Blue Origin, but analysts warn delays could push out revenue. AST reported $3.5 billion in cash and reaffirmed its 2026 satellite target.
31 May 2026
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Blue Origin Launch and SpaceX IPO Hype Set Stage for Tema Space ETF Activity

Blue Origin Launch and SpaceX IPO Hype Set Stage for Tema Space ETF Activity

Tema Space Innovators ETF closed Friday at $40.17, down 3.97% after a Blue Origin rocket explosion triggered a selloff in space stocks. Despite the drop, the ETF gained about 3.6% for the shortened week. SpaceX secured a $4.16 billion U.S. Space Force contract and plans to start its IPO roadshow June 4, with shares possibly available as soon as June 11.
30 May 2026
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SpaceX’s $1.8 Trillion IPO Path Faces New Wrinkle

SpaceX’s $1.8 Trillion IPO Path Faces New Wrinkle

SpaceX plans to launch its IPO at a valuation of at least $1.8 trillion, down from over $2 trillion cited in April, Bloomberg reported Friday. The company secured a $4.16 billion U.S. Space Force contract this week and aims to start its IPO roadshow June 4, targeting a Nasdaq debut as early as June 12 under the ticker SPCX, according to Reuters.
30 May 2026
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Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

Rocket Lab shares fell 6.5% to $138.37 by midday Friday, erasing part of this week’s rally. The drop followed a failed Blue Origin rocket test and reports SpaceX may target a lower IPO valuation. Rocket Lab cleared a key Space Development Agency review for its $816 million missile-warning satellite contract. The company also completed its acquisition of Motiv Space Systems.
29 May 2026
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Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test

Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test

Virgin Galactic shares rose 19.53% Thursday to $4.53, their highest close in weeks, with trading volume nearly four times the 50-day average. The company resumed VSS Unity glide flights in New Mexico and plans further tests ahead of commercial launches. A judge approved a $2.75 million shareholder suit settlement, with insurers paying. Virgin Galactic posted a Q1 net loss of $64.7 million on $227,000 revenue.
29 May 2026
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Stock Market Today

  • National Grid Shares Fall Amid UK Grid Reform and £70 Billion Investment Plan
    June 12, 2026, 8:54 AM EDT. National Grid shares declined 0.41% to 1,203p amid the UK government's grid-connection reforms aimed at accelerating network investment. The reforms enhance long-term investment prospects but increase execution pressure, with the utility planning a £70 billion capital expenditure over five years. The company reported an 8% rise in underlying earnings per share for fiscal 2025/26 and a record £11.6 billion in capital spending. Despite rising net debt and regulatory risks, the shares trade at a price-to-earnings ratio of 18.44 with a dividend yield near 4.0%. Market focus shifts to National Grid's July AGM and upcoming dividend vote, with analysts projecting a 15% upside from current prices based on median 12-month targets.

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Park Ha Biological Technology Stock Surges Premarket as BYAH Volatility Grabs Traders

Park Ha Biological Technology Stock Surges Premarket as BYAH Volatility Grabs Traders

12 June 2026
Park Ha Biological Technology’s Nasdaq shares soared 128.57% to $2.40 in Friday premarket after closing down 15.32% at $1.05, capping a volatile week with no new company news; investors await regular-session trading and any SEC filing tied to the company’s $300 million shelf registration as dilution risk and extreme price swings remain central concerns.
Richtech Robotics Stock Drops After Restatement Warning

Richtech Robotics Stock Drops After Restatement Warning

12 June 2026
Richtech Robotics plunged up to 10% premarket after disclosing that audited financial statements for 2024, 2025, and multiple quarters should not be relied upon, citing errors tied to warrant liabilities, a SEPA, and restricted stock awards; investors now await amended filings and Nasdaq compliance updates as valuation remains uncertain.
National Grid Shares Slip After UK Grid Reform; £70bn Plan in Spotlight

National Grid Shares Slip After UK Grid Reform; £70bn Plan in Spotlight

12 June 2026
National Grid shares slipped 0.41% to 1,203p, underperforming the FTSE 100, as investors weighed the impact of UK grid-connection reforms that boost long-term investment prospects but increase execution risk; next catalysts are the July AGM/dividend vote and November half-year results, with analysts’ median 12-month target at 1,388.5p, about 15% above current levels.
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