10 Best Satellite and Space Stocks Billionaires Are Buying

Stocks in the sector have swung wildly this year, but billionaires haven't left.

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4. Iridium Communications Inc. (NASDAQ:IRDM)

Number of Billionaires: 18

Number of Hedge Funds: 37

Iridium Communications Inc. (NASDAQ:IRDM) is a global mobile satellite network. It provides voice, data, and positioning, navigation and timing (PNT), as well as aircraft surveillance services anywhere on the planet.

The stock’s appeal is obvious as it dominates the niche it operates in and its offerings are hard for competitors to replicate. According to Insider Monkey, 18 billionaires held a stake in the company as of Q2 2026.

The company serves clients across aviation, maritime, industrial, government, and consumer markets. Third quarter revenue grew 8% year-over-year $245.7 million. Service revenue expanded 13% from the comparable period, representing over three-fourths of the total revenue. The jump was driven by the acquisition of Aireon, which will add space-based aircraft tracking.

Iridium Communications Inc.’s net income came in at $0.98 per diluted share, improving from $0.35 in Q3 2025. The growth again was linked to the Aireon acquisition. It ended the quarter with around 2.7 million total billable subscribers.

However, the main story is the company’s buyout. In June this year, it reached an agreement to be acquired by Rocket Lab in a cash and stock transaction. Therefore, what shareholders receive will partly depend on RKLB’s price. The transaction is expected to close in mid-2027.

Don’t Miss: Peter Beck’s Iridium Deal Faces Its Next Big Test

3. Globalstar, Inc. (NASDAQ:GSAT)

Number of Billionaires: 18

Number of Hedge Funds: 42

Next on our list of the best satellite and space stocks billionaires are buying is Globalstar, Inc. (NASDAQ:GSAT). According to Insider Monkey, 18 billionaires held a stake in the company at the end of the second quarter, improving from 12 in Q1.

The company is a global telecommunications provider with expertise in mobile satellite services, including voice and data services for clients in the retail, business, and government space, alongside wholesale satellite capacity services.

However, the stock is now a takeover story. In April this year, it reached an agreement to be acquired by Amazon. The transaction, expected to close in 2027, will allow Amazon Leo to add direct-to-device (D2D) services to its low Earth orbit satellite network and expand cellular coverage for customers beyond the reach of terrestrial networks.

Under the agreement, the firm’s stockholders can elect to receive $90 cash or 0.3210 shares of AMZN for each GSAT share they own. The Federal Communications Commission approved the deal on October 27.

For the first nine months of 2026, Globalstar, Inc. has reported $205.7 million in revenue, up from $201 million during the comparable period in 2025. Net loss stood at $57 million, compared to a net income of $3 million during the same period last year. The increase in losses is attributed to several factors, including higher interest expense, unfavorable changes in income from operations, and exchange rate fluctuations.

2. EchoStar Corporation (NASDAQ:ECHO)

Number of Billionaires: 28

Number of Hedge Funds: 96

EchoStar Corporation (NASDAQ:ECHO) provides satellite broadband communications solutions. It offers technology, networking, connectivity, and TV entertainment services to the media, pay-TV operators, the U.S. government, and enterprise customers.

As of Q2 2026, 28 billionaires had investments in the company. The interest from institutional investors also remains strong, with 96 hedge funds holding a stake in ECHO.

Much of the appeal stems from the stock being an indirect way of having exposure to SpaceX. During its Q2 earnings call in August, the management said that EchoStar owns 261.8 million shares in Elon Musk’s rocket and spacecraft manufacturer, received as part of a 2025 deal to sell AWS-4 and H-block spectrum licenses.

The Washington Post reported this month that Musk’s company had also held talks with EchoStar Corporation to buy wireless service Boost Mobile or gain access to its network. The move would enable SpaceX’s plans to develop a hybrid satellite-terrestrial mobile network through Starlink ⁠Mobile.

That said, shares have struggled this year and are down 16% YTD as of the close on November 6.

Read Also: EchoStar’s $8.5B Profit Surge Meets AT&T’s Wireless Juggernaut

1. Space Exploration Technologies Corp. (NASDAQ:SPCX)

Number of Billionaires: 37

Number of Hedge Funds: 119

Space Exploration Technologies Corp. (NASDAQ:SPCX) tops the charts for satellite and space stocks billionaires are buying, with 37 billionaires holding a stake in the company, at the end of the second quarter.

Musk’s company debuted in June this year with the biggest-ever IPO, valuing the space, satellite and AI provider at $1.77 trillion. It is no longer just known for just Starlink and rockets, but also its prowess in AI which it calls ‘super intelligence’.

On October 20, Space Exploration Technologies Corp. reported financial results for the third quarter of 2026. Revenue came in at $14.58 billion, up 161% YoY, with AI revenue expanding 10 times to $7.56 billion. Net income was $4.4 billion, improving from a $1.1 billion net loss in Q3 2025, and beating estimates of $1.57 billion.

Starlink remained a steady engine. Subscribers reached 13.6 million, above estimates of 12.19 million and a substantial jump from Q2. That said, the growth is coming at a price, with average monthly revenue per subscriber declining from $99 in 2023 to $69, amid international expansion with cheaper plans.

Following the results, several firms lifted their price targets and maintained a bullish outlook on the stock. As of the close on November 6, SPCX is a Strong Buy with an average share price upside potential of 89% based on the ratings from 34 analysts.

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