[UPDATE] Space names rebound as traders position for SpaceX's first earnings report as a public company
SpaceX rose about 4% to $119, AST SpaceMobile about 9% to $69 and Rocket Lab about 6% to $74.34 on August 4 ahead of SpaceX's debut earnings report, a bounce that follows a month in which SpaceX fell roughly 27% and Rocket Lab roughly 26%. AST SpaceMobile has a Falcon 9 launch checkpoint dated August 5, and Rocket Lab is pursuing an $8B acquisition of Iridium Communications with its Neutron vehicle expected to begin flights by the end of 2026. Desk context: the ARKX basket signal was demoted from buy to watch at validation today on the grounds that a three-session bounce off a 26% drawdown into two binary events is mean reversion rather than persistence.