In this article, we will look at the 10 Best Stocks to Buy Before SpaceX IPO.

For years, SpaceX has been building an infrastructure that has redefined rocket launches, a global fleet of satellites via Starlink, and set up the U.S. government to potentially build the space force of the future. Amid all these incredible achievements, one thing hasn’t happened: access to company ownership via public markets. This is about to change.

SpaceX will make its IPO prospectus public by the end of May, with an IPO roadshow expected to begin in early June. The process culminating in the public trading of SpaceX stock is likely going to generate unprecedented retail investor interest. This will bring the space theme to the fore, and along with it, every other industry that is set to benefit from the success of SpaceX.

In a note to investors on April 12, Morgan Stanley analyst Adam Jonas wrote:

Space is back in a big way… [The SpaceX IPO represents] a combination of scientific advancements, geopolitics, and economics that have reignited investor interest in the space industry. It is a cross-sector ecosystem that will underpin the industry’s growth.

The ecosystem is the keyword here. Once the public is done with the IPO, attention will move to the ‘next SpaceX’ or its ‘competitors’. A higher valuation for SpaceX could well result in a re-rating for its competitors or companies involved in its supply chain.

To benefit from this, we decided to create a list of companies that will benefit from the event and are therefore the best stocks to buy before the SpaceX IPO.

Our Methodology

To come up with a list of companies that could be the best stocks to buy before the SpaceX IPO, we shortlisted companies in the same industry that are contributing to making space ambitions possible. We also added companies that are considered integral to the supply chain of firms like SpaceX, such as mining companies that provide the critical materials and gases that make rocket launches possible. We ensured that these companies are popular among US hedge funds and have reported recent newsworthy events. In the end, we ranked them in ascending order of the number of hedge funds holding them in their portfolios.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

Note: All share price data in the article is as per market close on April 23.

10. Teledyne Technologies Inc (NYSE:TDY)

Number of Hedge Fund Holders: 60

Teledyne Technologies Inc. (NYSE:TDY) is likely to be a beneficiary of the increasing focus on space travel after SpaceX’s IPO. The reason for this is the company’s strong position in space-grade electronics and instrumentation, as well as high-performance cameras critical in space missions and defense applications. The company just announced its Q1 2026 earnings and posted record quarterly sales of $1.56 billion, growing at a rate of 7.6% YoY. The company’s cash from operations was $234 million, while free cash flow stood at $204.3 million.

Going forward, management expects GAAP EPS of $4.825 at the midpoint in Q2. The earnings estimate for the full year is now set to $20.26 per share at the midpoint. Management expects sales to pick up in the second half of the year. The company received significant tax benefits in the first quarter, which are not expected to be there in the second. The company is receiving government support to increase capacity as demand for drones and counter-drones rises.

Teledyne Technologies Inc. (NYSE:TDY) provides aerospace electronics and instrumentation, digital imaging, and engineered systems that enable industrial growth. The company was founded in 1960 and is headquartered in Thousand Oaks, California.

9. ATI Inc. (NYSE:ATI)

Number of Hedge Fund Holders: 62

On April 10, financial services firm Susquehanna, reaffirming a positive rating on the ATI Inc. (NYSE:ATI) shares, raised its price target from $155 to $185. The firm’s upward price target revision suggests an additional 20.1% upside from the current levels. Analysts at Susquehanna believe there is a need to expand the Defense Industrial Base capacity due to the Middle East conflict. They are convinced that due to the current situation in the region, the Defence industry will grow over the next three to five years. After reviewing the revenue expectations for the first quarter, the firm updated its model for the Aerospace and Defense sector.

Similarly, on April 09, KeyBanc analyst Samuel McKinney raised the firm’s price target on ATI Inc. (NYSE:ATI) from $140 to $167 while maintaining an Overweight rating. After conducting a private survey, the firm expects higher future revenue due to increased activity in OEM. To keep up with high demand, suppliers are increasing inventory to prevent stock shortages. As already mentioned, there is significant growth potential for the defense industry due to the conflict in Iran, which may lead to higher oil prices. While geopolitical crises define a major part of ATI’s bull thesis, it also has a critical role to play in rocket launches and space systems thanks to its expertise in high-performance metals for extreme environments.

ATI Inc. (NYSE:ATI) operates as a seller and producer of specialty materials and complex components globally. The company operates through the Advanced Alloys & Solutions and High Performance Materials & Components segments. It was incorporated in 1996 and is based in Dallas, Texas.