In this article, we will discuss the 5 Best Space Stocks to Buy According to Reddit and Social Media. For deeper discussion and analysis, read 9 Best Space Stocks to Buy According to Reddit and Social Media.
5. Redwire Corporation (NYSE:RDW)
Number of Hedge Fund Holders: 28
On May 19, Redwire Corporation (NYSE:RDW) announced that it had secured a multi-year contract valued in the high eight-figure range through a competitive tender process with an undisclosed NATO allied nation. The agreement covers the delivery of the company’s Penguin Mk3 uncrewed aerial system as part of a long-term modernization initiative focused on enhancing the country’s tactical drone capabilities. Steve Adlich, President of Redwire Defense Tech, stated that the program highlights Redwire’s longstanding expertise in supporting NATO allies through advanced tactical UAS modernization solutions.
On May 11, Canaccord raised the firm’s price target on Redwire Corporation (NYSE:RDW) to $14 from $12 while maintaining a Buy rating on the shares. Although quarterly revenue came in below estimates, the company delivered a bottom-line beat and reaffirmed its FY26 revenue guidance, targeting annual revenue between $450 million and $500 million. The firm highlighted management’s confidence in the company’s operational outlook and continued growth trajectory within the broader aerospace and defense markets.
Redwire Corporation (NYSE:RDW), founded in 2020 and headquartered in Jacksonville, Florida, is a publicly traded aerospace and space infrastructure company focused on designing and manufacturing mission-critical technologies for government and commercial customers. The company specializes in areas including solar power generation, advanced spacecraft sensors, in-space manufacturing, and aerospace systems, positioning itself as an important participant in the expanding space economy and defense technology landscape.
4. AST SpaceMobile, Inc. (NASDAQ:ASTS)
Number of Hedge Fund Holders: 33
On May 14, Roth Capital stated that the joint venture between AT&T Inc., T-Mobile US, Inc., and Verizon Communications Inc. to address direct-to-device wireless coverage gaps represents a positive development for AST SpaceMobile, Inc. (NASDAQ:ASTS). AST SpaceMobile has publicly supported the initiative and already maintains strategic partnerships and investments with AT&T and Verizon. The analyst noted that the venture could potentially create an opportunity for AST to deepen engagement with T-Mobile as well, describing the move as a significant competitive response within the satellite-to-device connectivity market. Shares of AST rose 3%, or $2.17, to $76.98 in morning trading following the commentary.
On May 12, Roth Capital raised the firm’s price target on AST SpaceMobile, Inc. (NASDAQ:ASTS) to $108 from $82.50 while maintaining a Buy rating on the shares. Although the company’s Q1 results fell short of consensus expectations due to timing related to ground station shipments and government revenue recognition, the analyst emphasized that launch execution and long-term deployment schedules remain far more important than short-term quarterly fluctuations. Roth also highlighted that AST SpaceMobile remains fully funded, with plans for more than 100 satellites supported by approximately $3.5 billion in cash on the balance sheet.
AST SpaceMobile, Inc. (NASDAQ:ASTS), founded in 2017 and headquartered in Midland, Texas, is a space and telecommunications company developing the world’s first space-based cellular broadband network designed to connect directly with standard, unmodified smartphones. The company’s satellite infrastructure aims to eliminate cellular dead zones by delivering seamless global mobile connectivity, positioning AST SpaceMobile at the intersection of next-generation telecommunications and space-based communications technology.
3. Rocket Lab Corporation (NASDAQ:RKLB)
Number of Hedge Fund Holders: 45
On May 8, TD Cowen raised the firm’s price target on Rocket Lab Corporation (NASDAQ:RKLB) to $120 from $90 while maintaining a Buy rating on the shares. On the same day, Rocket Lab surged 25.5%, or $20.03, to $98.61 following strong investor reaction to the company’s results and outlook.
Earlier that day, Craig-Hallum Capital Group upgraded Rocket Lab Corporation (NASDAQ:RKLB) to Buy from Hold with a $98 price target after the company delivered a significant earnings beat and issued Q2 guidance well ahead of consensus expectations. The firm highlighted accelerating demand in the hypersonic market, underscored by Rocket Lab’s $190 million Department of Defense award for 20 HASTE missions booked during the quarter. Craig-Hallum also noted continued growth in medium-lift launch demand and strong execution within the company’s Space Systems segment, viewing the long-term growth opportunity as highly attractive.
Rocket Lab Corporation (NASDAQ:RKLB), founded in 2006 and headquartered in Long Beach, California, is a publicly traded aerospace and space technology company focused on the design, manufacturing, and launch of satellites, spacecraft components, and orbital rockets.
2. Planet Labs PBC (NYSE:PL)
Number of Hedge Fund Holders: 50
On May 14, Wedbush Securities analyst Daniel Ives raised the firm’s price target on Planet Labs PBC (NYSE:PL) to $50 from $40 while maintaining an Outperform rating ahead of quarterly results. The firm stated that Planet Labs is continuing to demonstrate accelerating execution within its Defense & Intelligence business, alongside expansion of its next-generation satellite infrastructure and a rapidly developing AI-driven commercial ecosystem. Wedbush added that Planet Labs remains uniquely positioned at the convergence of the space and artificial intelligence industries due to its large-scale commercial satellite fleet, deeply integrated government relationships, expanding European opportunities, and differentiated capabilities for real-world AI model training.
On May 13, Planet Labs Germany announced that the company’s subsidiary, Sinergise Solutions d.o.o., signed a two-year, seven-figure contract to provide satellite imagery and AI-powered analytics to the State Agricultural Intervention Fund of the Czech Republic. The agreement will support the country’s nationwide agricultural payments and monitoring system. By combining Planet’s high-frequency satellite imagery with AI analytics through a partnership with Asseco Group, the system will help streamline claim validation processes for approximately 25,000 agricultural holdings across the Czech Republic. The automated monitoring platform enables near-continuous observation of agricultural land, improving the accuracy and transparency of crop identification, harvest timing verification, and resource management. Officials from the Czech agricultural authority highlighted that the integration of Planet’s satellite data represents a significant step in the country’s digital transformation efforts and enhances the efficiency and reliability of agricultural oversight.
Planet Labs PBC (NYSE:PL), founded in 2010 and headquartered in San Francisco, California, is a publicly traded space industry company focused on designing, building, and operating constellations of Earth-imaging satellites. The company delivers high-frequency geospatial data, analytics, and daily satellite imagery that enable governments and enterprises to monitor global activity, manage resources, and make data-driven operational decisions.
1. EchoStar Corporation (NASDAQ:SATS)
Number of Hedge Fund Holders: 90
On May 18, TD Cowen analyst Gregory Williams raised the firm’s price target on EchoStar Corporation (NASDAQ:SATS) to $155 from $129 while maintaining a Buy rating on the shares. The firm updated its financial model following the company’s Q1 results and revised estimates, noting that EBITDA performance came in below expectations but was less severe after adjusting for approximately $125 million in RSA settlement payments.
On May 12, the Federal Communications Commission announced that it had approved the assignment of approximately 65 megahertz of mid-band spectrum to Space Exploration Technologies Corp. for use in its next-generation direct-to-device communications network. The approval grants applications filed by SpaceX, Spectrum Business Trust 2025-1, and EchoStar Corporation (NASDAQ:SATS) and its wholly owned subsidiaries to transfer EchoStar’s AWS-4, AWS-H Block, unpaired AWS-3 spectrum licenses, and several earth station licenses through a two-step transaction. The Federal Communications Commission stated that the transaction, combined with waivers and buildout conditions, is intended to unlock underutilized spectrum assets and expand spectrum-based connectivity services for consumers across the United States.
EchoStar Corporation (NASDAQ:SATS), founded in 1980 and headquartered in Englewood, Colorado, is a telecommunications and satellite services company that provides broadband internet, wireless mobile services, and in-flight connectivity solutions through brands including HughesNet and Boost Mobile. In addition to its satellite communications and Pay-TV operations, the company maintains a substantial portfolio of wireless spectrum assets, positioning it as an important participant in the evolving satellite and direct-to-device connectivity market.
While we acknowledge the potential of SATS as the best space stock, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SATS and that has 100x upside potential, check out our report about the cheapest AI stock.
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