Why Spire Global, Planet Labs, and AST SpaceMobile Stocks Rocketed Today
SRSpire(SR) The Motley Fool·2024-11-14 03:24

A powerful earnings report from Rocket Lab propelled space stocks higher on Wednesday. The tiny rocket company reported better than 50% sales growth in its third quarter of 2024, and promised to basically double that growth rate in Q4.Is it any wonder space investors are excited?As of 12:45 p.m. ET, shares of Spire Global (SPIR 16.37%) are up 22%, while AST SpaceMobile (ASTS 19.04%) stock is gaining 22.1%, with Planet Labs (PL 14.45%) bringing up the rear with "only" a 14.5% gain.Planet Labs and AST SpaceMo ...