Rocket Lab and AST SpaceMobile recently released their Q1 earnings. RKLB beat estimates. Revenue grew 63.5% year over year to $200.3M, with record gross margins of 38.2%. The net loss narrowed to $0.07 per share from $0.12 last year. Cash burn improved to $77.4M. For Q2, they expect 20% sequential revenue growth, though margins will drop slightly. They are targeting profitability by late 2027 and just completed their Mynaric acquisition. ASTS missed estimates on sales, earnings, and guidance. They lost $0.66 per share vs the $0.21 expected. Revenue came in at $14.7M instead of the $37.5M analysts wanted. Cash burn was high at over $327M for the quarter. They lost a satellite on a recent Blue Origin launch but plan to launch three more with SpaceX in June. Their goal of 45 satellites in orbit by year-end seems difficult to reach. RKLB looks to have a clearer path to profitability between the two.