Rocket Lab reported record second-quarter revenue of $144 million, marking a 36% year-over-year increase driven by strong operations and strategic growth. Despite a net loss of $66.4 million, the company projects third-quarter revenue between $145 million and $155 million and aims for long-term profitability amid ongoing expansions. Following the earnings report, several analysts raised price targets for Rocket Lab, with KeyBanc increasing its target from $40 to $50 and Deutsche Bank raising it from $27 to $45. Citigroup remains bullish, projecting over 20 Neutron launches annually by 2029. Meanwhile, Firefly Aerospace made its Nasdaq debut with a market valuation of $8.5 billion, soaring over 30% initially before experiencing volatility and an 11% decline in morning trading the following day. Firefly is set to begin trading on the NYSE after a successful moon mission. AST SpaceMobile reported second-quarter revenue of $1.16 million, missing estimates, and a GAAP loss per share of $0.41, wider than the expected $0.21 loss. The company projects second-half 2025 revenue between $50 million and $75 million from government and commercial customers and plans to deploy 45 to 60 satellites by 2026 to enable continuous global cellular coverage. AST SpaceMobile confirmed U.S. government contracts and a fully funded plan for monthly satellite launches through 2026. The company's stock price rose following the earnings report, reflecting investor optimism about its satellite launch plans and competition with SpaceX. Rocket Lab also completed the acquisition of Geost, expanding its national security capabilities in launch, spacecraft, and payloads.