<p>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.</p>



<p>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.</p>



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<h2>Voyager Technologies</h2>



<p><strong>Voyager Technologies Inc.</strong> (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. </p>



<p>CEO <strong>Dylan Taylor </strong>called 2025 &#34;a transformational year,&#34; saying demand across &#34;defense, national security and space continues to accelerate.&#34; </p>



<p>He added that Voyager is entering 2026 &#34;from a position of strength,&#34; focused on converting demand into &#34;sustained revenue growth and long-term shareholder value.&#34;</p>



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<h2>Firefly Aerospace</h2>



<p><strong>Firefly Aerospace </strong>(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. </p>



<p>CEO <strong>Jason Kim</strong> said &#34;momentum defined Firefly's first quarter,&#34; citing Golden Dome work, Blue Ghost milestones, Alpha Flight 7 and a U.S. Space Force demonstration. </p>



<p>Kim said the company remains focused on scaling production for &#34;frequent landings on the Moon, a regular launch cadence, and critical national security missions.&#34;</p>



<h2>Redwire</h2>



<p><strong>Redwire Corp. </strong>(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. </p>



<p>CEO <strong>Peter Cannito</strong> said &#34;very strong demand&#34; and wins including the $1.8 billion Andromeda IDIQ show Redwire has &#34;many pathways to success.&#34; </p>



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



<h2>Rocket Lab</h2>



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



<p>Founder and CEO <strong>Peter Beck</strong> said, &#34;With revenue, we topped $200 million in the quarter for the first time,&#34; and called gross margins &#34;excellent&#34; at 38.2% GAAP and 43% non-GAAP.  Rocket Lab guided Q2 revenue to $225 million to $240 million.</p>



<p>RKLB shares were up 25% on Friday, according to Benzinga Pro data. </p>



<h2>BlackSky</h2>



<p><strong>BlackSky Technology Inc.</strong> (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. </p>



<p>CEO <strong>Brian O'Toole</strong> said BlackSky is &#34;rapidly growing revenues driven by the demand for Gen-3 space-based intelligence and AI services&#34; after winning up to $160 million in new contracts. </p>



<p>He said the company is raising guidance on &#34;strong year-to-date sales performance&#34; and &#34;accelerated demand&#34; in its pipeline.</p>



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<h2>Coming Next Week</h2>



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



<p><em>Photo: Shutterstock</em></p>

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<p>Space stocks are gaining attention as companies report strong earnings amid rising defense demand and growing satellite backlogs. Rocket Lab achieved record Q1 revenue of $200.3 million, while Firefly Aerospace and Redwire also reported significant revenue increases. Voyager Technologies raised its 2026 revenue guidance, and BlackSky improved its full-year outlook despite a quarterly revenue decline. Overall, the sector is experiencing a mix of record revenues and ongoing losses as firms scale production to meet national security needs.</p>

benzinga_article

Redwire

Rocket Lab

Firefly Aerospace

ISHRS Aero & Def

Invesco Aero & Defense ETF

First Trust Indxx Aerospace & Defense ETF

SPDR S&P Aerospace & Def

Procure Space ETF

Defiance Daily Target 2X Long RKLB ETF

ARK Space Exploration & Innovation ETF

Voyager Tech

Trade Desk

BlackSky Tech

AST SpaceMobile

Satellogic

Intuitive Machines

York Space

Virgin Galactic

INTUITIVE MACHINES INC C/WTS (TO PUR COM)

Space Earnings Heat Up: Rocket Lab Tops $200M, Firefly Hits Record Revenue, Redwire Backlog Surges