11 Best Space Stocks to Buy Now

7. Iridium Communications (NASDAQ:IRDM) 

Number of Hedge Fund Holders: 37

Iridium Communications (NASDAQ:IRDM) is one of the best space stocks to buy now.

As of March 1, 2026, Wall Street’s consensus on Iridium sits at a ‘Hold.’ Across seven analysts, the split is four buys, one hold, and two sells, with an average one-year price target of $25.40. The latest analyst action highlighted was Morgan Stanley’s February 18, 2026, note, which kept an equal weight rating and lifted its price target to $26 from $24.

On February 12, 2026, Iridium reported full-year 2025 total revenue of $871.7 million, up 5% year over year, including $634.0 million of service revenue. Operational EBITDA (OEBITDA) was $495.3 million, up 5%, and net income was $114.4 million, with diluted EPS of $1.06, which the company attributed primarily to a lower share count. Fourth-quarter revenue was $212.9 million, with service revenue of $158.9 million, while management said higher service revenue largely offset declines in subscriber equipment.

For 2026, Iridium guided to total service revenue growth of flat to 2%, and OEBITDA of $480 million to $490 million, with the company citing a roughly $17 million headwind from shifting incentive compensation entirely to cash.

Iridium Communications Inc. operates a global low Earth orbit satellite network, providing voice and data services for land, maritime, and aviation users, as well as IoT connectivity and related equipment and support services.