SpaceX IPO: 5 space stocks already climbing fast

SpaceX's planned $1.75T IPO could reshape commercial space and lift these 5 stocks with it

The most anticipated stock market debut in recent memory is taking shape. SpaceX filed a confidential draft registration with the Securities and Exchange Commission on April 1, targeting a $1.75 trillion valuation and a raise of roughly $75 billion that would surpass Saudi Aramco's 2019 record. A June Nasdaq listing is the current timeline, and analysts believe the event could be the catalyst that finally unlocks institutional-scale capital across the entire commercial space sector. Here are the five stocks already positioned to benefit.

The SpaceX effect: why this IPO matters beyond one stock

SpaceX controls the vast majority of global launch market share, and nearly every company building satellite constellations, orbital infrastructure or space-based manufacturing depends on its rockets. A successful public listing at a $1.75 trillion valuation would legitimize commercial space as an institutional-grade asset class, potentially directing capital toward names that have been growing on momentum alone and waiting for this kind of industry benchmark.

Rocket Lab (NASDAQ: RKLB)

Rocket Lab is the closest domestic competitor SpaceX has in the launch market, though it remains a distant second in scale. Revenue reached $601.8 million in 2025, up nearly 38% year over year, and the company is developing its Neutron heavy-lift rocket to pursue larger constellation and human spaceflight contracts. The stock surged to nearly $100 in January before pulling back to around $70. Fifteen analysts carry a consensus Buy rating with an average price target of $79.85. The company remains unprofitable, but revenue growth and an expanding launch backlog suggest profitability could arrive within the next two years.

AST SpaceMobile (NASDAQ: ASTS)

AST SpaceMobile is building a space-based cellular broadband network that works directly with standard smartphones, targeting uninterrupted global 5G coverage. Revenue surged from $4.4 million in 2024 to $70.9 million in 2025, beating analyst expectations by roughly 30%. Partners including TELUS, Orange and Vodafone have already signed on, and management reiterated a 2027 commercial revenue goal of approximately $1 billion while targeting 45 to 60 satellites in orbit by end of 2026. Losses widened to $342 million, and timely satellite deployment remains the defining execution risk.

Intuitive Machines (NASDAQ: LUNR)

Intuitive Machines builds robots, landers and space infrastructure with a primary focus on the moon, but its near-term financial story is the most compelling of the group. Management guided for $900 million to $1 billion in 2026 revenue, up sharply from $210 million in 2025, driven by NASA commercial lunar contracts, defense awards and acquisitions. A backlog approaching $943 million provides visibility, and the company guided for positive adjusted EBITDA in 2026, a milestone that would make it one of the first non-SpaceX space companies to reach it. Shares trade near their 52-week high of $26.24.

Planet Labs (NYSE: PL)

Planet Labs operates a constellation of Earth-imaging satellites and is transitioning from a hardware business into a data-intelligence platform. Fiscal year 2026 revenue reached $307.7 million, up 26% year over year, with a fourth quarter that beat estimates by a wide margin. Institutional investors own roughly 40% of the float and have been net buyers at better than a two-to-one pace. Losses widened to $247 million and the path to profitability remains several years out, but a successful SpaceX IPO could accelerate broader capital flows into the sector and support Planet Labs' growth timeline.

Redwire (NYSE: RDW)

Redwire builds space infrastructure including deployable solar arrays, sensors, avionics and in-space manufacturing facilities, alongside a defense technology segment covering autonomous systems and optical sensors. Revenue grew 10% to $335 million in 2025, but losses reached $272 million and the profit margin sits at negative 67.5%. Of the five, Redwire carries the longest runway to profitability and the most volatility risk. Analysts assign a consensus Strong Buy rating with an average price target of $13.89 against a current share price near $9.80, implying meaningful upside if the broader space buildout accelerates as the SpaceX listing approaches.