Update
RKLB and ASTS Earnings Reports
RKLB reported revenue of $267.8 million, up 73% year-over-year and beating estimates by $257.2 million. EPS was -$0.12, wider than expected due to Neutron development and transaction costs. Backlog increased to $3.57 billion, up 52% quarter-over-quarter. ASTS saw revenue of $42.3 million, up 187% year-over-year and missing estimates by $46 million. Cash reserves stood at $3.2 billion. Both stocks saw after-hours movements: RKLB dropped 6.57%, while ASTS rose 14%.