Why Rocket Lab, Planet Labs, and AST SpaceMobile Stocks Keep Falling

Are space stocks just momentum stocks? It kind of felt that way in 2024, as shares of Rocket Lab (NASDAQ: RKLB) and AST SpaceMobile (NASDAQ: ASTS) both roughly quadrupled, and Planet Labs (NYSE: PL) nearly doubled. As the calendar flips to 2025, however, the momentum seems to be fading -- and not even positive headlines can keep it up.Arguably good news for AST SpaceMobile, a satellite communications company, didn't help the stock much on Monday, and by Tuesday, the stock was headed lower once again. AST shares are down another 5.2% through 11:11 a.m. ET Wednesday. Planet Labs stock, which builds Earth observation satellites, is likewise suffering its second straight down day, losing 3.9%.And Rocket Lab itself is the most curious case of all. Yesterday, Rocket Lab was picked to help out Kratos Defense on a new defense contract to research hypersonic rockets, and today, investment bank Stifel raised its price target on Rocket Lab stock to $31 -- but Rocket Lab stock is down 6.4%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool