9 Best Space Stocks to Buy According to Reddit and Social Media

7. Satellogic Inc. (NASDAQ:SATL)

Number of Hedge Fund Holders: 15

On May 13, Cantor Fitzgerald raised the firm’s price target on Satellogic Inc. (NASDAQ:SATL) to $10 from $7 while maintaining an Overweight rating on the shares. On the same day, Northland Securities also raised its price target on Satellogic Inc. (NASDAQ:SATL) to $9 from $7.50 while reiterating an Outperform rating. The analysts cited improving confidence in the company’s growth trajectory, expanding valuation multiples, and stronger financial expectations following recent operational performance. Satellogic recently reported 80% revenue growth, while Northland expects approximately 104% growth in Q2, expressing increased confidence that the company can more than double its revenue over time.

On April 30, Satellogic Inc. (NASDAQ:SATL) announced a $12 million agreement with a sovereign defense customer to deliver a commissioned, in-orbit NewSat satellite from its Aleph-1 operational constellation. The agreement includes the full sale and transfer of ownership and operational control of the satellite, alongside comprehensive support services to help the customer develop independent satellite command and data processing capabilities for both military and civilian applications. The transfer process is expected to begin immediately and conclude in early 2027, subject to contractual and regulatory milestones. Upon completion, the satellite will be removed from Satellogic’s active fleet and integrated into the customer’s sovereign regulatory framework.

Satellogic Inc. (NASDAQ:SATL), founded in 2010 and headquartered in Davidson, North Carolina, is a publicly traded space and geospatial analytics company that designs, manufactures, and operates its own Earth-observation satellite constellation. The company provides high-frequency, high-resolution satellite imagery and analytics solutions serving industries including agriculture, climate monitoring, infrastructure, and national security.