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[Sean Walker @Afigy1]

Tuesday morning, $RKLB and $ASTS are heading into an important commercialization test. I’ve been spending a lot of time on $NBIS and AI infrastructure lately, and this time I’m looking at space stocks through the same lens.

Capital is starting to demand that infrastructure actually produce revenue. $RKLB is looking less and less like just a rocket company.

Q1 revenue reached $200.3 million, up 63.5% year over year, with backlog at $2.2 billion. What I care about most is Neutron and the pace of converting orders into revenue. If large constellations, defense satellites, and launch contracts keep translating into sales, $RKLB starts to look more like a full-stack space infrastructure platform. Through Mynaric, it has even gained exposure to laser-based optical communications.

The question for $ASTS is more direct. Q1 revenue was only $14.7 million, but the company has roughly $3.5 billion in cash and plans to deploy about 45 BlueBird satellites in 2026. $ASTS is also developing on-orbit AI edge computing and AI-based spectrum management.

That’s one reason I’ve started looking at space and AI infrastructure as part of the same broader buildout.

On the ground:

GPU → HBM → optical communications → data centers

In space:

satellites → laser communications → Edge AI → ground-based data centers

If $RKLB and $ASTS continue proving their commercialization capabilities, I think the next wave of capital could keep spreading into optical communications, satellite manufacturing, RF components, space-grade memory, and AI edge computing.

#SpaceTech #AIInfrastructure #EdgeAI