5 Best Space Stocks with High Upside Potential

4. Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Gilat Satellite Networks Ltd. (NASDAQ:GILT) is one of the best space stocks with high upside potential.

On March 10, 2026, Gilat said its Gilat DataPath unit received about $6 million in new orders to continue providing field and technical services that support U.S. Army global communications operations over the next six months.

The company said the award extends its work with the Army’s Program Executive Office for Command, Control and Communications Networks under the GTACS II contract vehicle, marking another step in what it described as a multi-year engagement. Gilat framed the new orders as a sign of continued confidence in its ability to support mission readiness and deliver resilient communications capabilities for defense operations.

The update adds to Gilat’s recent defense- and connectivity-related activity and highlights its exposure to military satellite communications support, an area where contract continuity can matter as much as headline deal size. In this case, the award was not pitched as a one-off win but as a continuation of ongoing support work for a major U.S. military customer.

Gilat Satellite Networks Ltd. (NASDAQ:GILT) is a satellite networking technology company that provides equipment, software, and services for broadband satellite communications across commercial and defense markets.