While the former longtime couple "want to explore other things" following their recently announced split, they still care "deeply about each other," an industry source tells PEOPLE.
"They have been doing things separately for quite a while," the insider tells PEOPLE of Bonet, 54, and Momoa, 42, who announced their split last week in a joint statement after nearly 17 years together and five years of marriage.
"They were a great couple with a lot of love and respect for each other, but people change and goals change and they weren't the same together anymore," adds the source.
Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.
Jason Momoa/Instagram Lisa Bonet and Jason Momoa
"They have grown apart and the pandemic capped it," the insider says.
The industry source's comments come as a source close to Bonet said in this week's issue of PEOPLE that the former couple "were amazing for years, until they no longer were."
"They have grown apart because of different focuses," the latter source said.
Image Press Agency/NurPhoto/Shutterstock
The pair's career trajectories have taken them in different directions, according to the latter source, who explained of the Aquaman and Dune star, "A few years ago, Jason was struggling to find work. Now his career is booming. And he wants to keep working as much as he can."
Meanwhile, Bonet "has had no interest in joining" Momoa "on every location," added the insider. "She enjoys her life in L.A."
"It's not going to be some scandalous divorce where they trash talk each other," the source maintains. "They are both very spiritual and believe in a higher power."