Mixed performance with progress and delays

The company's Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab

The second quarter was a mixed bag for space companies, with some firms posting steady progress while others faced setbacks. Most space stocks, many of which went public last year through SPAC deals, are struggling despite the industry's growth, off 50% or more since their market debut. The shifting market environment and climbing interest rates have hit technology and growth stocks hard, weighing on space stocks. CNBC breaks down the most recent quarterly reports for Aerojet RocketdyneAST SpaceMobileAstraBlackSkyIridiumMaxarMomentusMynaricRedwireRocket LabSatellogicSpire GlobalTelesatTerran OrbitalViaSatVirgin Galactic and Virgin Orbit. Satellite imagery company Planet has yet to report its latest quarterly results, as the company follows a fiscal year calendar that began on Feb. 1.

Aerojet Rocketdyne

AST SpaceMobile

Astra

BlackSky

Iridium

Maxar

Momentus

Mynaric

Stock's year-to-date performance: -41% The laser communications maker has yet to begin reporting quarterly results, having gone public in November. During the second quarter, Mynaric announced an agreement with defense firm L3Harris, which will take a 7.2% stake in the company and invest about $11 million.

Redwire

Rocket Lab

Satellogic

Stock's year-to-date performance: -53% The satellite imagery company has yet to begin reporting quarterly results, having gone public in January. During the second quarter Satellogic debuted four additional satellites in orbit via a SpaceX launch, increasing its fleet to 26 so far. The company aims to have 34 in orbit by early 2023.

Spire Global

Telesat

Terran Orbital

Viasat

Virgin Galactic

Stock's year-to-date performance: -55% The space tourism company reported an adjusted EBITDA loss of $93 million on negligible revenue. Virgin Galactic announced yet another delay to the start of commercial service, pushing it back to the second quarter of 2023 as the company continues to refurbish the carrier aircraft that begins its spaceflights. Virgin Galactic reported $1.1 billion in cash on hand and announced plans to sell up to $300 million in common stock.

Virgin Orbit


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