Space Stocks Had A Stellar Week, But SpaceX Rivals Flew Higher — What Powered LUNR, FLY, RKLB And ASTS Ahead?

What happened

Space stocks rose over the past week, with Intuitive Machines, Firefly Aerospace and Rocket Lab leading gains as earnings, larger backlogs and launch milestones drew attention. Intuitive Machines reported revenue of $269.35 million, positive adjusted EBITDA of $8.3 million and a $1.9 billion order backlog; it expects annual revenue of $920 million to $950 million.

Confirmed

Global impact / market context

Intuitive Machines’ higher revenue and backlog suggest more work to deliver, while positive adjusted EBITDA, a measure of operating performance excluding certain items, points to improved results. However, about $19 million came from favorable one-time program adjustments, so investors may distinguish recurring business strength from temporary support.

Analyst inference

The article links the sector’s weekly gains to company earnings, growing backlogs and launch milestones, and says the named rivals rose faster than SpaceX. Intuitive Machines’ results offer a concrete example of how satellite manufacturing, lunar work and communications activity can influence reported revenue and investor attention.

Analyst inference

What to watch

1. Check whether Intuitive Machines delivers its $920 million to $950 million annual revenue outlook and positive adjusted EBITDA, rather than relying on one-time program adjustments. Analyst inference
2. Watch for the IM-3 mission and first Altus communications satellite, which the article says are scheduled to launch in March or April. Confirmed
3. Track whether the $1.9 billion backlog converts into delivered work and cash, since execution could affect revenue and the company’s ability to sustain positive cash flow. Analyst inference

Evidence

• stocktwits.com