Overview
- Shares rose 11.02% Monday to close at $19.45, marking a second straight day of gains despite no new company announcements.
- Wall Street raised price targets in recent days, including KeyBanc to $26 with a Buy rating, Canaccord to $22.50 with a Buy, and Stifel to $20 with a Hold.
- Recent strength tracks broader space-sector enthusiasm linked to Elon Musk’s positive industry comments, with additional interest tied to reported NASA mission selections.
- The company closed its roughly $800 million Lanteris acquisition in mid‑January, adding satellite manufacturing across multiple orbits and prompting a brief sell‑the‑news dip.
- A February SEC filing showed the Trustees of the University of Pennsylvania boosted their stake by about 2.57 million shares in Q4, reflecting increased institutional interest.