Spice Adam C. sold $674K of RKLB

Intuitive Machines (LUNR) stock rose 8% to $10.63 after securing a third NASA Earth science contract in six months, though it's still down 35% YTD. The company has a record backlog of $1.8B and expects $900M-$1B in 2026 revenue. Rocket Lab (RKLB) and SpaceX (SPCX) also gained 5% and 3%, respectively, amid a broader space-stock rally.

Rocket Lab, acquiring Iridium, plans next-gen satellites with 20x more beams, boosting D2D and IoT capacity. The company filed jointly with Iridium to the FCC and seeks faster approval. New satellites will be US-built and launched by Rocket Lab. Earnings report due November 9th.

Rocket Lab (RKLB) and Iridium plan to merge, aiming for faster network upgrades and cost savings. The deal, valued at $8 billion, includes $54 per share with cash and RKLB stock. Iridium shareholders approved it, but FCC approval is pending. SpaceX and Ligado raised concerns, though SpaceX does not oppose the deal. RKLB stock is down 25% YTD, with retail sentiment turning bearish. The FCC's approval of Amazon's Globalstar acquisition was cited as a precedent.

Rocket Lab's stock fell 64% from its May high to $54.73 on Oct. 30, after delaying its Neutron rocket's first flight to 2027. The company reported Q2 2026 revenue of $234.1M, up 62% YoY, with a $2.36B backlog. Neutron's delay raises questions about the company's valuation, which is built on both its existing space systems business and the unlaunched rocket.

Rocket Lab (RKLB) completed its 98th Electron mission, delivering satellites for HawkEye 360. The company's solar panels are part of NASA's NEO Surveyor spacecraft. Rocket Lab is also involved in defense contracts worth over $1.3 billion. RKLB stock is down 15% year-to-date, with mixed retail trader sentiment.

Amazon (AMZN) reaffirmed plans to launch its Leo satellite service in 2026, causing shares of competitors SpaceX (SPCX), AST SpaceMobile (ASTS), and Rocket Lab (RKLB) to fall. AMZN's service will compete with SpaceX's Starlink, which has a larger satellite network and established customer base. Amazon's partnership with AT&T (T) and FCC approval of its Globalstar acquisition further its satellite ambitions.