This article looks at the 10 Best Satellite and Space Stocks Billionaires Are Buying.
Over the past few years, space and satellites companies have gone from being considered speculative, meme stocks to an investable category. Businesses in the sector are generating solid revenue and are receiving high-value government and defense contracts that are closely tied to their growth stories.
Photo from AST SpaceMobile website
The biggest story of the year for the sector was Musk’s rocket and spacecraft manufacturer’s IPO in June, which was the biggest ever, making it one of most valuable companies in the world with a market cap of $1.77 trillion at the time.
Check out our list of the 10 Fastest-Growing Space Stocks to Buy Now.
However, the ride so far has been rough. As of the close on November 6, the stock is down by more than 36% from the post-IPO peak in June, representing a decline of 10% since the Nasdaq debut.
This is a reflection of the sector on a whole. Stocks have remained volatile in 2026, surging to peaks during the first half of the year amid optimism around AI and upcoming IPOs, followed by a sharp pullback during the back half of the year.
That said, the macro backdrop offers reasons to be enthusiastic about. Morgan Stanley anticipates the global space industry to grow from $350 billion in size to touch the $1 trillion mark by 2040, as governments across the world pump hefty amounts into next-generation space infrastructure every year.
With this context in mind, let’s now head over to the list of the best satellite and space stocks billionaires are buying.
Methodology
We went through ETFs with exposure to satellite and space companies and our previous articles on the subject to get a pool of space stocks. From there, we picked the top 10 stocks with the highest number of billionaires having a stake in them, as per Insider Monkey’s Q2 2026 proprietary database of billionaires’ stock holdings. Where two or more stocks were tied on billionaire sentiment, we used the dollar value of billionaire holdings as a tiebreaker between them. Additionally, we also included data on hedge fund holdings in these companies as of Q2 2026 to provide further insight into investor interest.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).
10 Best Satellite and Space Stocks Billionaires Are Buying:
10. Redwire Corporation (NYSE:RDW)
Number of Billionaires: 13
Number of Hedge Funds: 24
Redwire Corporation (NYSE:RDW) is an integrated space and defense technology company focused on advanced technologies. According to Insider Monkey, 13 billionaires held a stake in the company at the end of the second quarter.
A major appeal for investors is that it sells into both markets. Earlier in the year, the company acquired drone-maker Edge Autonomy to bolster its defense exposure.
The stock’s price is another reason. RDW’s shares are down nearly 70% since the highs of May due to a mix of financial and market factors. Patients investors may see the business trading at a discount, especially as the backlog continues to grow.
On the space side, Redwire Corporation recently secured a contract from Axiom Space to build and deliver two Roll-Out Solar Array (ROSA) wings for its second space station module. The company was also chosen to build ROSA winds for Axiom Space’s first space station module.
On November 4, the space infrastructure company reported financial results for Q3. Backlog increased 75% year-over-year to $619.7 million. Diluted EPS came in at $(0.09), compared to $(0.29) in the prior year’s period. Gross margin expanded from 16.3% to 32.3%. Revenue was up 5.4% to $109 million, but missed estimates by $17 million, which dragged shares down following the announcement.
Read Next: Jim Cramer Suggests Avoiding Redwire (RDW) In A Rate Tightening Cycle
9. Viasat, Inc. (NASDAQ:VSAT)
Number of Billionaires: 15
Number of Hedge Funds: 50
As of the close of June 30, 15 billionaires held a stake in Viasat, Inc. (NASDAQ:VSAT). The count is unchanged from the previous two quarters, reflecting steady conviction.
The global communications company serves two segments: communication services and defense and advanced technologies. As a result, it benefits from multiple revenue streams as it sells to government and defense customers, fixed broadband users, as well as airlines and ships that require connectivity in motion.
The stock has several growth catalysts. In September this year, Viasat, Inc. announced that its ViaSat-3 (VS3) F2 satellites had entered service across the Americas, adding to the company’s network capacity. Another important factor is also the ongoing growth in the defense and advanced technologies segment.
However, Q2 2027 results announced on November 5 have left investors disappointed. While revenue for the quarter increased 3% year-over-year to $1.2 billion, net loss worsened to $129 million from $61 million in Q2 2026, due to higher R&D expenses, raised provision for income taxes, and higher stock compensation expense.
Awards for the quarter totalled $1.1 billion, declining 24% from the prior year’s period. The company generated $78 million in free cash flow, which was up 14% year-over-year. VSAT’s shares crashed 9% on November 5 following the announcement.
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8. AST SpaceMobile, Inc. (NASDAQ:ASTS)
Number of Billionaires: 15
Number of Hedge Funds: 34
AST SpaceMobile, Inc. (NASDAQ:ASTS) is a satellite designer and manufacturer focused on building a global cellular broadband network in space that is accessible by smartphones for commercial use, as well as for government use.
This is a big appeal for investors who believe there is a sizable market in covering areas that terrestrial towers miss. The company’s backlog also continues to grow. According to Insider Monkey’s database for Q2 2026, 15 billionaires held a stake in the company.
AST SpaceMobile, Inc. has partnered with over 60 mobile network operators, which serve more than 3 billion users, to integrate their ground infrastructure with its satellite network. Subscribers’ phones will automatically connect to the company’s satellites for uninterrupted coverage whenever they are out of reach of cell towers.
In August this year, President Trump signed a memo to increase the number of U.S. commercial space launches and re-entries to at least 1,000 each year by 2030. This is likely to benefit several players in the sector, including ASTS which is racing to get more spacecraft into orbit.
That said, the stock remains volatile. It has traded between $122 and $30 this year, as of the close on November 6. A single launch mishap has the potential to plunge shares, as it happened in April when the company’s BlueBird 7 satellite was placed into a lower-than-planned orbit.
7. Rocket Lab Corporation (NASDAQ:RKLB)
Number of Billionaires: 16
Number of Hedge Funds: 52
Rocket Lab Corporation (NASDAQ:RKLB) continues to lure investors due to its growth and widening business. According to Insider Monkey, 16 billionaires held a stake in the stock at the end of the second quarter of 2026.
Revenue reached a record $234 million in Q2, growing 62% year-over-year and by $34 million sequentially, amid strong demand across the business. Backlog increased a staggering 137% from the prior year’s period to $2.36 billion. Diluted EPS came in at $(0.08), compared to $(0.13) during the same period last year.
In June this year, Rocket Lab Corporation announced that it had reached an agreement to acquire Iridium Communications in a cash and stock transaction, representing an enterprise value of around $8 billion.
The deal will merge the company’s launch expertise and satellite manufacturing with Iridium’s global satellites communication network to establish a vertically-integrated space company that is capable of building, launching, and operating its own constellations. The transaction is expected to close in mid-2027.
That said, certain challenges remain which could hurt investor sentiment in the near term. Shares have plunged nearly 30% in the past month, after the inaugural launch of its new, larger Neutron rocket was delayed from Q4 2026 to early next year due to manufacturing defects.
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6. Planet Labs PBC (NYSE:PL)
Number of Billionaires: 17
Number of Hedge Funds: 53
Planet Labs PBC (NYSE:PL) provides global, daily satellite imagery and geospatial solutions. As of Q2 2026, 17 billionaires held a stake in the company, up from 12 at the end of the first quarter. The appeal stems from accelerating growth.
The company recently reported strong results for the second quarter of fiscal 2027, with revenue reaching record levels after a 58% year-over-year increase. Net loss for the quarter totalled $9.4 million, compared to $22.6 million in the prior year’s period. Backlog was at approximately $814.9 million.
Planet Labs PBC is seeing increased demand in the area of defense. The company inked a 7-figure agreement with a European defense and intelligence customer in September to provide Planet Mosaics and dedicated Professional Services support. The agreement will run for one year.
This follows announcements earlier in the year in the defense sector with the Swedish Armed Forces, Defense Innovation Unit, and the National Geospatial-Intelligence Agency.
Despite these positives, the stock is down 68% over the past 6 months, mainly due to concerns around profitability and a $1.5 billion equity distribution agreement announced in June. However, the plunge may invite bargain hunters.
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5. Intuitive Machines, Inc. (NASDAQ:LUNR)
Number of Billionaires: 18
Number of Hedge Funds: 33
Intuitive Machines, Inc. (NASDAQ:LUNR) is a space infrastructure company with expertise in building spacecraft, connecting networks, and operating infrastructure as a service for clients in the civil, commercial, and defense markets.
The company has finalized several major acquisitions this year to scale up its satellite communications footing, which has fueled investors’ interest. According to Insider Monkey, 18 billionaires held a stake in LUNR at the end of Q2 2026. The count is unchanged from Q1, but up from 15 in Q4 2025.
Growth in revenue and backlog has also added to the appeal. The company achieved a record quarterly revenue of $206 million in the second quarter of 2026, increasing more than 4 times from the same period last year. Backlog totalled $1.8 billion, climbing by $1.5 billion from the end of 2025.
Much of the increase in backlog was driven by the Lanteris acquisition in January, new awards in support of three commercial satellites, IM-5 and IM-6 missions, a government defense contract, and other awards.
That said, caveats remain. The company reported a diluted net loss per share of $0.29, worsening from a loss of $0.22 per share last year. Overall, results missed Wall Street’s estimates for both earnings and revenue. It ended the quarter with a cash balance of $367 million, but capital expenditure is expected to rise in the quarters ahead.
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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.
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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.
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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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