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Defense stocks recently suffered their worst losing streak on record. In September, the SPDR S&P Aerospace & Defense ETF ( XAR ) fell for more weeks in a row than at any point since its 2011 launch, giving back its entire 2026 gain.
Fitch Ratings is keeping its credit rating on SpaceX (NASDAQ:SPCX | SPCX Price Prediction) unchanged after a massive graphics processing unit (GPU) lease, yet the stock is falling and space peers are slipping alongside it.
Rocket Lab stock recently plunged after the company delayed the inaugural flight of its Neutron rocket. The company posted on social media that the components have left the factory and are en route to the launch site for testing.
A sharp rebound is reopening the debate over whether the launch and spacecraft maker behind the pending Iridium Communications acquisition has finally stopped sliding. Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock has risen 8% to $58.20.
Small-cap space stocks are snapping back from a brutal month, and the names that fell hardest are bouncing the most while the sector's largest company trails. Intuitive Machines (NASDAQ:LUNR) stock is up 9% to $11.
RKLB and FLY expand their space and defense capabilities through satellite launches, lunar exploration and government contracts.
Rocket Lab's stock has been falling sharply in recent months, ever since the SpaceX IPO. Its business, however, has been growing fast, and it posted record numbers in its most recent quarter.
Rocket Lab Corporation (RKLB) closed the most recent trading day at $53.82, moving +2.32% from the previous trading session.