markets

Paige Oamek5/11/26

AST SpaceMobile drops after Q1 top and bottom lines miss estimates

After soaring during Monday’s session, AST SpaceMobile shares are coming back to earth.

The retail trading favorite is down double digits in postmarket trading Monday after the company fell short of Wall Street’s expectations with its Q1 earnings report.

Here are the details:

Revenue of $14.7 million (compared to analyst estimates of $39 million).
Net income of -$191 million (estimate: -$76.3 million).

Shares, which rose 10% during the regular session on Monday, fell 11% after the report.

The company — which is building the first space-based cellular broadband network, connecting standard cell phones to satellites — has experienced high stock volatility over the past year. Despite the dips, however, it had still landed up nearly 200% since last May.

Despite missing Street estimates, the company’s revenue is a significant increase over the Q1 2025’s $7.18 million, when the company focused primarily on government contract work. The company has a devoted retail following, who call themselves the SpaceMob and have cheered on the SpaceX rival’s rapid growth.

Today, AST SpaceMobile has agreements with Verizon, AT&T, and others to provide space-based internet directly to phones. Earlier this year, it also won a key contract with the US Department of Defense for the “Golden Dome.”

So far, the company has successfully launched seven functioning satellites and on Monday recommitted to plans to have 45 total satellites by the end of 2026. The company currently trails behind Elon Musk’s SpaceX, which says it now has 10,000 Starlink satellites in orbit and launched. AST SpaceMobile also is one short on its goal after its BlueBird 7 satellite had to be taken out of orbit in April.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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