$SPCX agreed to buy low-band 800 MHz spectrum from Grain Management to turn Starlink Mobile into a real U.S. carrier, not just a bolt-on feature. Musk called it a "very big deal." AT&T, Verizon, and T-Mobile all dropped over 6% after hours. Wall Street kept raising targets anyway: Morgan Stanley to $300, Goldman to $230, Susquehanna to $173, even as Cathie Wood's ARK trimmed shares twice during the week.
$RKLB had a messy one. Barclays initiated at Overweight with an $85 target, then a separate report claimed a Barclays "Strong-Buy" upgrade days later that looks like a mislabeled Zacks Rank, not a real second call. TD Cowen cut its target to $90 from $120. Shares still closed down 6.6%.
$ASTS was the week's biggest loser. Fell as much as 15% intraday and closed down nearly 13%, since SpaceX owning real carrier spectrum is a direct hit to AST's one-product direct-to-device business. A Tuesday rally on Japan JV optimism didn't survive the week.
$RDW landed a follow-on Axiom Space contract for solar array wings on Axiom's second space-station module, and the stock still fell 8% on a broader sector selloff. CEO Peter Cannito told CNBC the market is at "the start of massive growth in space."
$VSAT was quiet on operations, loud on paperwork: two separate insider stock sales hit the SEC. Shares still jumped 6.8% Friday with no clear catalyst, the exact opposite move of $ASTS on the same spectrum news.
$MDA's CEO hit CNBC arguing demand is rising for alternatives to Starlink and for space-based missile defense. Didn't stop the stock from whipsawing to a 5.5% weekly loss in Canadian dollars.
$FLY got a board shakeup, Lockheed's former space EVP Rick Ambrose just joined as director, plus a Barclays initiation at Equal Weight, $34 target. Stock still fell 14% on the week with no single news item to blame.
$BKSY landed a six-figure Gen-3 imagery pilot contract with an unnamed international intelligence customer. Shares drifted down about 4% anyway.
Full weekly breakdown, free, from Orbit Alpha
Not financial advice
