Considering investing in satellite stocks? While the best satellite stocks depend on your portfolio and investment goals, we've identified some satellite stocks that are worth keeping an eye on in the space sector. Keep reading to learn more about satellite stocks and how to start investing.
6 popular satellite stocks to watch
We round up a selection of stocks in or related to the space industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Globalstar IncCommon Stock (GSAT.US) | (data unavailable) | $8 billion | NASDAQ | (data unavailable) | Buy now |
| Iridium Communications (IRDM.US) | -40.45% | $1.7 billion | NASDAQ | 1,304,481 | Buy now |
| ViaSat (VSAT.US) | (data unavailable) | $4.9 billion | NASDAQ | (data unavailable) | Buy now |
| EchoStar Corporation (SATS.US) | (data unavailable) | $20.1 billion | NASDAQ | (data unavailable) | Buy now |
| Maxar Technologies (MAXR.TO) | (data unavailable) | C$5.3 billion | Toronto Stock Exchange | (data unavailable) | Buy now |
| Gilat Satellite Networks (GILT.US) | 114.15% | $786.7 million | NASDAQ | 1,140,921 | Buy now |
What to look for when investing in satellite stock
The space industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering satellite stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in satellite stock
- Research the space industry. Before investing, learn about the satellite stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the satellite stock(s) to buy. Search by company name or ticker symbol, like GSAT or IRDM. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy satellite stocks
Are satellite stocks a good investment?
While it's possible to turn a profit investing in satellite stocks, keep in mind that—like any investment—satellite stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the space industry, so carefully vet your picks before you invest.What are the best satellite stocks?
A lot of factors go into picking the best satellite stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong satellite stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular satellite stocks in or related to the space industry to help narrow down your options:
- Globalstar IncCommon Stock (GSAT)
- Iridium Communications (IRDM)
- ViaSat (VSAT)
- EchoStar Corporation (SATS)
- Maxar Technologies (MAXR)
- Gilat Satellite Networks (GILT)
Keep in mind that this is not a "best" list or a recommendation. It highlights some satellite stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each satellite stock below. Keep reading to decide if any of these companies are the right investment for you.
Globalstar IncCommon Stock (GSAT)
Globalstar, Inc. provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.
| Market Capitalization | $8 billion |
|---|---|
| Gross profit (TTM) | $171.6 million |
| Profit margin | -18.02% |
| Revenue (TTM) | $262.2 million |
| Earnings per share (TTM) | -$0.46 |
| 52-week stock price range | $17.24 – $65.52 |
Iridium Communications (IRDM)
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers mobile satellite communications services for land mobile end users and aviation sectors; broadband terminals, embedded devices, and handsets for merchant shipping, fishing, leisure and research vessels, and specialized watercraft; satellite-based IoT services; hosted payload and other data services; and other data services and engineering services.
| Closing stock price | $16.27 |
|---|---|
| Market Capitalization | $1.7 billion |
| Gross profit (TTM) | $621.5 million |
| Profit margin | 14.44% |
| Revenue (TTM) | $871.7 million |
| Earnings per share (TTM) | $1.13 |
| 52-week stock price range | $16.28 – $33.82 |
ViaSat (VSAT)
Viasat, Inc. provides broadband and communications products and services in the United States and internationally. It operates through Communication Services; and Defense and Advanced Technologies segments.
| Market Capitalization | $4.9 billion |
|---|---|
| Gross profit (TTM) | $1.5 billion |
| Profit margin | -11.40% |
| Revenue (TTM) | $4.6 billion |
| Earnings per share (TTM) | -$4.02 |
| 52-week stock price range | $6.69 – $43.59 |
EchoStar Corporation (SATS)
EchoStar Corporation, together with its subsidiaries, provides networking technologies and services in the United States and internationally. It operates through four segments: Pay-TV, Retail Wireless, 5G Network Deployment, Broadband and Satellite Services. The Pay-TV segment offers a direct broadcast and fixed satellite services; designs, develops, and distributes receiver system; and provides digital broadcast operations, including satellite uplinking/downlinking, transmission and, other services to third-party pay-TV providers; and multichannel, live-linear and on-demand streaming over-the-top internet-based domestic, international, Latino, and Freestream video programming services under the DISH and SLING brand names.
| Market Capitalization | $20.1 billion |
|---|---|
| Gross profit (TTM) | $3.7 billion |
| Profit margin | -85.36% |
| Revenue (TTM) | $15.2 billion |
| Earnings per share (TTM) | -$45.02 |
| 52-week stock price range | $14.90 – $85.37 |
Maxar Technologies (MAXR)
Maxar Technologies Inc. provides space solutions; and secure, precise, and geospatial intelligence solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure.
| Market Capitalization | C$5.3 billion |
|---|---|
| Gross profit (TTM) | C$681 million |
| Profit margin | -9.70% |
| Revenue (TTM) | C$1.6 billion |
| Earnings per share (TTM) | -C$2.75 |
Gilat Satellite Networks (GILT)
Gilat Satellite Networks Ltd. , together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services.
| Closing stock price | $11.65 |
|---|---|
| Market Capitalization | $786.7 million |
| Gross profit (TTM) | $126.1 million |
| Profit margin | 6.03% |
| Revenue (TTM) | $392.8 million |
| Earnings per share (TTM) | $0.42 |
| 52-week stock price range | $5.18 – $15.24 |
Compare trading platforms to buy satellite stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding satellite stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of satellite stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the space industry to know when to buy, sell or hold.Frequently asked questions about satellite stocks
Sources
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