Forget SpaceX: 5 “Under the Radar” Space Stocks to Buy Before They Blast Off
The stock market is surging to new highs, with the Dow Jones Industrial average reaching a record high closing price just last week. But while everybody on Wall Street is busy chasing the latest AI stocks or trying to figure out how Tesla's new CyberCab will shake up the auto industry, a much bigger story is unfolding.
I’m talking about the Space Race 2.0. It's a trillion-dollar megatrend that's already sending some space stocks soaring 588% to 3,710% this year. But don't worry, you haven't missed the rocket.
You see, what was once solely the realm of governments and big-budget agencies like NASA is now wide open to private companies. They're launching satellites, designing rockets, and building out a variety of space-related services, including data analysis, communications, and even asteroid mining.
But we’re not talking about buying SpaceX.
Instead, I want to focus on some “under-the-radar” space stocks that have huge potential for growth before they become household names – just like SpaceX.
5 ‘Under the Radar’ Space Stocks to Buy Now
“The Next SpaceX”
I'll start things off with what industry insider Ian Wyatt calls the “Next SpaceX,” a tiny space launch company that's making waves. Like SpaceX, they're focused on launching satellites into low Earth orbit, but they're achieving this at a fraction of the cost.
As Ian explained in his October 13 article, this company is gearing up for a NASDAQ IPO in 2025, and you can get in on the ground floor right now.
He’s recommending buying pre-IPO shares for less than $4, as his estimates suggest these shares could hit over $20 after the IPO next year. That means a $5,000 investment could turn into $27,855.
This stock is a strong buy because it's capitalizing on a rapidly expanding market, disrupting how satellites are launched. And their low-cost model gives them a significant competitive advantage in the space.
Rocket Lab (RKLB)
Another exciting pick from Ian Wyatt is Rocket Lab (RKLB), a company that's laser-focused on dominating the small launch market.
Why is this a good strategy? As Ian explained in his October 12 article, RKLB isn't trying to compete head-on with giants like SpaceX. Instead, they're filling a crucial niche in a huge market with their low-cost Electron rocket, designed to launch small satellites.
And business is booming. RKLB recently signed 17 new Electron launch contracts and has grown its backlog to over $1 billion. They're not stopping there, either. Their Neutron rocket, set to make its debut soon, promises a payload capacity that's 40 times larger than the Electron's – and that means enormous revenue potential.
Ian believes that Rocket Lab is a strong buy because they have a clear strategy, proven success in the small launch market, and are rapidly expanding into larger launch vehicles and higher-margin data services.
AST SpaceMobile (ASTS)
As Ian highlighted in his October 14 article, publicly traded space stocks are already up significantly in 2024, with AST SpaceMobile (ASTS) standing as a shining example.
The company, which is set to launch five satellites for AT&T and Verizon, has seen its stock price soar 3,710% in the last five months. This recent approval was a major catalyst, but their unique mission of building a space-based cellular broadband network from a constellation of satellites gives them a first-mover advantage and massive potential for long-term growth, especially as they ramp up satellite deployment in the years ahead.
AST SpaceMobile, even after a potential pullback, looks to be a strong buy for investors seeking exposure to a company that's fundamentally changing how we connect wirelessly.
Redwire (RDW)
Another strong performer from Ian’s October 14 article is Redwire (RDW), a space infrastructure company that focuses on 3D printing, deployable structures, and digital engineering for on-orbit servicing, assembly, and manufacturing (OSAM). The company just scored multiple new contracts from NASA and is making a significant impact in the critical area of building and maintaining structures in space. They've also seen their share price jump 588% this year, making them a compelling option for investors who see the potential in OSAM.
Redwire is a strong buy because they are filling a clear need in the space industry, and their partnership with NASA speaks to their credibility in the sector.
Spire Global (SPIR)
Last but not least is Spire Global (SPIR), a space-based data and analytics company highlighted by Ian in his article. Spire has seen its stock price jump 1,613% in 2024, so buying shares directly might be a risky proposition. But as Ian suggested, keep an eye out for any pullbacks, as this company's innovative use of nanosatellites to gather data on various aspects of our planet, including weather, maritime, and aviation, could make them a powerful force in the growing data analytics market.
Spire’s unique position and proven ability to gather key insights makes them a strong buy on any pullbacks, especially for investors who see the potential in the space-based data analytics market.
Prepare for Liftoff
The Space Race 2.0 is just getting started. But it’s happening NOW. And while companies like SpaceX may dominate headlines, a crop of smaller companies is quietly positioning themselves to soar higher.
What You Should Do
If you want to take part in the Space Race 2.0, the time to buy is NOW.
I’m putting together a free special report – “The Next Space Race: 5 Stocks to Buy NOW” – which will include the name and ticker symbol of Ian Wyatt’s “next SpaceX” pick – plus details on all the other space stocks mentioned here.
And join me again tomorrow when I show you how to ride the electric vehicle (EV) wave. This megatrend isn’t showing any signs of slowing down, and a few small companies I’ll reveal tomorrow could see their share prices double, triple, and even more – within the next 12 months.
