Space stocks were in focus this week as earnings reports highlighted surging defense demand, growing satellite and launch backlogs,and continued investment in next-generation space infrastructure. 

While several companies posted record revenue or raised guidance, losses remained a theme across the sector as firms scale production and chase defense and national security opportunities.

• RKLB stock is soaring. See the chart and price action here. 

Voyager Technologies

Voyager Technologies Inc. (NYSE:VOYG) reported record fourth-quarter net sales of $46.7 million and full-year 2025 net sales of $166.4 million, while lifting 2026 revenue guidance to $225 million to $255 million on record backlog of $265.6 million. 

CEO Dylan Taylor called 2025 "a transformational year," saying demand across "defense, national security and space continues to accelerate." 

He added that Voyager is entering 2026 "from a position of strength," focused on converting demand into "sustained revenue growth and long-term shareholder value."

Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) posted Q1 revenue of $80.9 million, up 40% from the prior quarter, and guided for full-year revenue of $420 million to $450 million. 

CEO Jason Kim said "momentum defined Firefly's first quarter," citing Golden Dome work, Blue Ghost milestones, Alpha Flight 7 and a U.S. Space Force demonstration. 

Kim said the company remains focused on scaling production for "frequent landings on the Moon, a regular launch cadence, and critical national security missions."

Redwire

Redwire Corp. (NYSE:RDW) reported Q1 revenue of $97.0 million, up 57.9% year over year, with record backlog of $498.1 million and a 1.92 book-to-bill ratio. 

CEO Peter Cannito said "very strong demand" and wins including the $1.8 billion Andromeda IDIQ show Redwire has "many pathways to success." 

CFO Chris Edmunds pointed to gross margin improvement to 26.6% and said Redwire is reaffirming 2026 revenue guidance of $450 million to $500 million.

Rocket Lab

Rocket Lab Corp. (NASDAQ:RKLB) delivered record Q1 revenue of $200.3 million, up 63.5% year over year, and backlog of more than $2.2 billion. 

Founder and CEO Peter Beck said, "With revenue, we topped $200 million in the quarter for the first time," and called gross margins "excellent" at 38.2% GAAP and 43% non-GAAP.  Rocket Lab guided Q2 revenue to $225 million to $240 million.

RKLB shares were up 25% on Friday, according to Benzinga Pro data. 

BlackSky

BlackSky Technology Inc. (NYSE:BKSY) reported Q1 revenue of $20.8 million. That’s down from $29.5 million a year earlier. However, the company raised full-year revenue guidance to $130 million to $150 million. 

CEO Brian O'Toole said BlackSky is "rapidly growing revenues driven by the demand for Gen-3 space-based intelligence and AI services" after winning up to $160 million in new contracts. 

He said the company is raising guidance on "strong year-to-date sales performance" and "accelerated demand" in its pipeline.

Coming Next Week

Next week's space earnings calendar includes reports from AST SpaceMobile, Inc. (NASDAQ:ASTS), Satellogic Inc. (NASDAQ:SATL), Intuitive Machines, Inc. (NASDAQ:LUNR), York Space Systems Inc. (NYSE:YSS) and Virgin Galactic Holdings, Inc. (NYSE:SPCE). 

Photo: Shutterstock