Space Sector Highlights: AST SpaceMobile Q2 Earnings, Intuitive Machines Offering, and More

Rocket Lab acquired EO/IR payload developer Geost for $275M, boosting its defense contracting position. Intuitive Machines priced a $300M private offering, while AST SpaceMobile missed Q2 estimates but reiterated a ramp in H2. Project Kuiper deployed 24 satellites into low Earth orbit, bringing its constellation to 102.

Rocket Lab has finalized a $275 million acquisition of Geost, a leading developer of electro-optical and infrared (EO/IR) sensor systems for national security space missions. The acquisition includes an upfront payment of $125 million and the issuance of over 3 million Rocket Lab shares. Analysts predict an average price target of $44.87, indicating a modest 1.40% upside potential, while GuruFocus estimates reveal a potential downside of 60.34% based on the current stock price [1]. The acquisition aims to bolster Rocket Lab's capabilities as a provider of complete mission-ready spacecraft for U.S. national security programs.

Intuitive Machines priced a $300 million private offering of convertible senior notes, with a 13-day option for purchasers to buy an additional $45 million in notes. The offering is expected to close on Monday, with net proceeds of $291.8 million to be used for general corporate purposes, including $32 million for capped-call transactions [2].

AST SpaceMobile reported a $0.41-per-share loss in the second quarter of 2025, missing revenue projections by $6.36 million. The company prioritizes long-term satellite deployment over short-term profits, with a $1.3 billion plan to launch 45–60 satellites by 2026. Despite the earnings miss, the company's stock has surged 478.34% since March 2022, reflecting its ability to recover from periods of underperformance [3].

Project Kuiper has successfully deployed 24 satellites into low Earth orbit, bringing its constellation to 102. The deployment is part of Amazon's plan to provide global broadband connectivity via low Earth orbit satellites.

References:
[1] https://www.ainvest.com/news/rocket-lab-acquires-geost-275m-analysts-predict-44-87-average-price-target-2508/
[2] https://www.marketwatch.com/story/intuitive-machines-shares-slump-after-upsized-300m-notes-offering-98dc06b9
[3] https://www.ainvest.com/news/ast-spacemobile-q2-earnings-disappointment-misstep-buying-opportunity-2508/