In this article, we will list the 5 Best Space Stocks with High Upside Potential. Please visit 7 Best Space Stocks with High Upside Potential if you’d like to see an extended list and our methodology behind it.
5. Redwire Corporation (NYSE:RDW)
Redwire Corporation (NYSE:RDW) is one of the best space stocks with high upside potential.
On April 2, 2026, Redwire said it had been awarded a contract to develop a quantum-secure satellite for the European Space Agency’s Quantum Key Distribution Satellite, or QKDSat, under ESA’s ARTES Partnership Projects program. The company said it will manufacture and deliver its European-built Hammerhead spacecraft, which will carry the quantum key distribution payload along with Redwire’s ADPMS-3 avionics suite.
Redwire said the project is part of a multi-country consortium led by Honeywell Aerospace’s UK team and is aimed at enabling satellite-based quantum key distribution to protect communications against data breaches.
Management framed the award as a step toward more resilient long-distance secure communications, noting that satellite quantum key distribution can overcome the distance limits of terrestrial fiber-based quantum networks. ESA also described the program as important for secure commercial and government communications across member states amid rising cyber threats.
Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies spanning space infrastructure, autonomous systems, and multi-domain operations.
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.
3. Virgin Galactic Holdings, Inc. (NYSE:SPCE)
Virgin Galactic Holdings, Inc. (NYSE:SPCE) is one of the best space stocks with high upside potential.
On April 2, 2026, Jefferies lowered its price target on Virgin Galactic to $5 from $8 while maintaining a Buy rating. The firm tied the change mainly to cash flow timing rather than a break in the company’s operating roadmap. Jefferies said Virgin Galactic’s free cash flow path is becoming clearer and based its revised target on a discounted cash flow analysis, while still arguing that operational milestones could unlock value.
The note followed the company’s fourth-quarter update, which Jefferies said showed progress on Virgin Galactic’s first spaceship as it enters a ground test phase targeted to begin in April 2026. Test flights are expected in the third quarter, with first commercial flights projected in the fourth quarter. Jefferies also noted that Virgin Galactic reopened sales in the first quarter of 2026, has 675 customers in its backlog, and held $338 million in cash, which it said could bridge the company to operating cash flow positivity in 2027 as flight cadence builds.
Virgin Galactic Holdings, Inc. (NYSE:SPCE) is a spaceflight company developing suborbital flights for private astronauts and research customers through its commercial spaceline platform.
2. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of the best space stocks with high upside potential.
On March 23, 2026, Kratos said it had been selected by SKY Perfect JSAT as a strategic partner to develop and validate a 5G Non-Terrestrial Network, or NTN, satellite ground system for the Japanese operator’s Universal NTN initiative. The work centers on Kratos’ OpenSpace software-based architecture and supports early-stage implementation of software-defined 5G NTN ground infrastructure in the Asia-Pacific region.
The announcement matters because 5G NTN is increasingly being positioned as a way to integrate satellites more directly into mainstream mobile networks rather than keeping them as isolated infrastructure.
Kratos said its platform is designed to support interoperability, multi-vendor environments, and compatibility with existing VSAT systems, while allowing operators to move toward software-driven and more scalable ground systems. The company and SKY Perfect JSAT also said the effort will align with evolving 3GPP standards and focus first on validation and interoperability before broader deployment.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a technology, products, systems, and software company serving defense, national security, and commercial markets.
1. Voyager Technologies, Inc. (NYSE:VOYG)
Voyager Technologies, Inc. (NYSE:VOYG) is one of the best space stocks with high upside potential.
On March 30, 2026, Voyager said it had won a mission management contract from Icarus Robotics to support an in-space demonstration of Icarus’ free-flying robotic platform, Joyride, aboard the International Space Station. The announcement points to continued commercial demand for low Earth orbit testing and validation, particularly for robotics systems aimed at future station operations.
Under the agreement, Voyager will handle payload integration, safety certification, launch coordination, on-orbit operations planning, and real-time mission execution support. The company said its space station heritage includes more than 1,400 missions managed across government and commercial customers. The Joyride demonstration is scheduled for early 2027 and will focus on autonomous navigation, maneuverability, and operational performance in an actual space station environment.
The contract also gives investors a fresh example of Voyager’s “mission management as a service” model, which is built around helping customers move experimental technologies into flight-tested systems. For a younger space robotics company like Icarus, that kind of operational support can shorten the path from concept to demonstrated capability in orbit.
Voyager Technologies, Inc. (NYSE:VOYG) is a defense and space technology company that provides mission-critical products and services spanning space infrastructure, mission services, and national security-related systems.
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