Are space stocks just momentum stocks? It kind of felt that way in 2024, as shares of Rocket Lab (NASDAQ: RKLB) and AST SpaceMobile (NASDAQ: ASTS) both roughly quadrupled, and Planet Labs (NYSE ...

The special temporary authorization from the FCC means AST SpaceMobile can start beaming communications from its BlueBird ...

AST shares are down another 5.2% through 11:11 a.m. ET Wednesday. Planet Labs stock, which builds Earth observation satellites, is likewise suffering its second straight down day, losing 3.9%.

Problem is, neither Rocket Lab, Planet Labs, nor AST are currently profitable, which makes them very hard to value -- because they literally have no P/E ratio to value them on. Faced with this ...