24/7 Wall Street
02 Jun 2026, 14:47 UTC · 3h ago
Virgin Galactic Crashes 32% on Settlement Dilution Fears, AST SpaceMobile Rises 10%, Planet Labs Climbs 9%
24/7 Wall Street
02 Jun 2026, 14:47 UTC · 3h ago
Story key points
3 claims · impact-rated
Virgin Galactic (SPCE) shares crashed 32% following court approval of a shareholder settlement that reignited fears of stock dilution. — A massive single-day drop driven by dilution fears and poor fundamentals (Q1 revenue of only $227k) signals a collapse in investor confidence.
-0.80Planet Labs (PL) reported quarterly revenue growth of 33% year-over-year to $81.25M and a 361% surge in remaining performance obligations to $672.47M. — Significant growth in both revenue and future contract obligations indicates strong commercial adoption and scaling.
+0.60AST SpaceMobile (ASTS) reaffirmed its FY2026 revenue guidance of $150M-$200M and confirmed three satellite launches for mid-June. — Reaffirming guidance and maintaining a concrete launch schedule reduces execution risk and supports the current valuation.
+0.50Ticker attribution
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Model heads
Stock crashed 32% due to dilution fears, shareholder settlement, and significant net losses.
Stock climbed 10% after reaffirming revenue guidance and confirming upcoming satellite launches.
Stock advanced 9% on record quarterly revenue and a massive surge in remaining performance obligations.
Mentioned only as a historical reference point for an analyst's track record.
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