In this article, we will look at the 5 Best Stocks to Buy Before SpaceX IPO. Please visit the 10 Best Stocks to Buy Before SpaceX IPO if you’d like to see an extended list and the methodology behind it.
5. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders: 78
The Goldman Sachs Group, Inc. (NYSE:GS), as one of the advisors and underwriters of the upcoming SpaceX IPO, is a major beneficiary of the event. The IPO is expected to be worth $75 billion, valuing the company at around $1.75 trillion. On both metrics, it will be the biggest IPO ever.
Photo by Robb Miller on Unsplash
The IPO is especially relevant because IPO activity slowed down in the second part of the previous quarter due to tensions in the Middle East. CEO David Solomon pointed this out on the earnings call, but was quick to add that the pipeline is strong.
There is no question that with the conflict in the Middle East, IPO activity slowed a little bit, particularly in March. I do think there’s a very full pipeline. And at the end of the day, equity markets have been extremely resilient and if that resilience continues, I do think you’ll see IPO activity accelerate again.
He also downplayed the future impact of global political issues on the upcoming major IPOs, adding that companies that require capital and are not directly affected by the crises will eventually come to market to raise funds.
While there could be, given the uncertainty of the war, some slowdown in IPO type monetization, that doesn’t mean that the sophisticated sponsors of the world aren’t thinking much like some of the well-capitalized corporates as to whether or not they can’t take advantage of some of the dislocation. So there’s multiple ways to think about it.
Despite headwinds in the previous quarter, Goldman comfortably beat first-quarter expectations, reporting EPS of $17.55 vs. $16.49 expected. The SpaceX IPO could add some positive sentiment to the stock, which, according to the management, is suffering under the negativity of the uncertain macro environment.
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the leading investment banks and financial services firms that specializes in global markets, asset and health management, and research services, among others. The company was founded by Marcus Goldman and is headquartered in New York City, United States.
4. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 79
Honeywell International Inc. (NASDAQ:HON) reported its first-quarter fiscal 2026 earnings on April 23. The results were mixed, with the earnings exceeding expectations while revenue came in slightly below estimates. It delivered non-GAAP EPS of $2.45, surpassing forecasts by $0.13. Revenue for the quarter reached $9.14 billion, up 2.4% year-over-year; however, it missed expectations by $140 million. Despite this, demand remained steady, as orders increased by 7%. The company also shared a key strategic update, announcing plans to spin off its aerospace business. The transaction is expected to close in the third quarter on June 29, 2026.
For the full year 2026, Honeywell International Inc. (NASDAQ:HON) kept its guidance unchanged. Sales are expected to range between $38.8 billion and $39.8 billion, slightly below the consensus estimate of $39.51 billion. Organic growth is projected at 3% to 6%, while segment margins are expected to range from 22.7% to 23.1%. Adjusted EPS is guided at $10.35 to $10.65, broadly in line with market expectations.
On April 13, under an agreement with engineering contractor Bechtel Energy Inc, Honeywell International Inc. (NASDAQ:HON) will provide liquefied natural gas process technology and equipment for two additional production units at NextDecade’s Rio Grande LNG export facility in Bronxville, Texas. During the process, HON will provide a coil-wound heat exchanger and the C3MR liquefaction process for project Train 4 and Train 5, the same technology being used for the first three trains.
During the expansion process, Honeywell’s role is to provide the production units with key equipment for the liquefaction process, which results in enhancing plant efficiency and reliability. Although there is no indication regarding the financial terms of the agreement, the company claims that its systems are designed to facilitate continuous operation and reduce operating costs.
Honeywell International Inc. (NASDAQ:HON) operates across multiple business areas, including industrial automation, aerospace technologies, building automation, and energy and sustainable solutions. The company operates across Europe, the United States, and other international markets.
3. Linde plc (NASDAQ:LIN)
Number of Hedge Fund Holders: 89
Linde plc (NASDAQ:LIN) has a critical role to play in the provision of rocket fuel. It offers liquid oxygen and liquid nitrogen, which are both components of rocket fuel. While the company isn’t a disclosed supplier of SpaceX, its critical role in rocket fuel supply could make it a hot property among retail investors.
The company’s price target was recently raised from $525 to $575 at Seaport Research. Before that, Patrick Cunningham of Citi also raised his price target from $545 to $580. The update came as the firm reviewed its coverage prior to Q1 earnings. Citi analysts believe Linde is best positioned to survive in the scenario of rising inflation as its earnings are relatively insulated from inflationary pressures. Since the company often signs long-term contracts in which costs are borne by the customer, who pays a fixed margin to Linde, it has no problem passing through inflationary impacts and protecting its profitability. The two recent upward price target revisions reflect this improving profitability in an otherwise tough economic environment.
Linde plc (NASDAQ:LIN) is an industrial gas company operating worldwide. The company provides atmospheric gases, such as nitrogen, oxygen, argon, and rare gases, as well as process gases, including helium, carbon monoxide, carbon dioxide, hydrogen, specialty gases, electronic gases, and acetylene.
2. Freeport-McMoRan Inc. (NYSE:FCX)
Number of Hedge Fund Holders: 91
Freeport-McMoRan Inc. (NYSE:FCX) is set to benefit from the SpaceX IPO. As a copper miner, the company could come to the fore not just as a copper miner but as a tech infrastructure play, set to benefit from the increasing usage of copper in satellites, ground stations, and global connectivity.
The firm is already gaining traction on Wall Street, with Wells Fargo raising its price target on the shares from $64 to $77. This upward revision comes on the expected mining disruptions and higher costs, which could send the price of copper up because of limited supply.
Earlier this month, on April 2, Goldman Sachs also initiated coverage on the stock with a price target of $70. The firm believes higher profitability is on the cards for the mining company because of macro and geopolitical tailwinds, structural deficits in the copper market, and higher long-term commodity prices. The SpaceX IPO and rising copper demand from satellite infrastructure could provide another tailwind to the stock’s performance, which has added one-third of its market cap in the last month alone.
Freeport-McMoRan Inc. (NYSE:FCX) is engaged in mining mineral properties across Indonesia, North America, and South America. The company mainly explores for gold, silver, copper, molybdenum, and other metals. It was founded in 1987 and is based in Phoenix, Arizona.
1. Amazon.com Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 381
On April 19, Barclays analysts backed Amazon to outperform other mega-cap tech stocks. In a note to analysts, the investment bank showed confidence in Amazon Web Services’ (AWS) ability to lead the company’s growth on the back of artificial intelligence tailwinds. This renewed optimism comes as AWS reported a $15 billion annualized revenue run rate based on its AI services.
The company’s grocery segment now has $150 billion in annual US gross sales, which makes it the second largest after Walmart. Despite Walmart’s dominance in physical stores, it is struggling to keep Amazon at bay. On April 19, the Financial Times reported that the company was experimenting with new delivery strategies to implement same-day delivery and compete with Amazon.
There is additional tailwind from the company’s microchip segment, which is now up to $20 billion in annualized revenue run rate, doubling in just three months. On top of all this, the SpaceX IPO is likely going to bring Amazon’s space ventures to the forefront, making it an attractive second scaled competitor. Jeff Bezos’ Project Kuiper is still in an early phase, expecting mass deployment of satellites this year with commercial services starting later this year or next year.
Amazon.com Inc. (NASDAQ:AMZN) operates across e-commerce, digital content, advertising, and cloud computing. Its online and offline stores offer both in-house and third-party products, while its Amazon Web Services (AWS) division runs one of the world’s largest data center networks.
While we acknowledge the potential of AMZN to grow, 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 AMZN and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 8 Best American Stocks to Buy and Hold in 2026 and 12 Best Mid Cap AI Stocks to Buy According to Hedge Funds.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
