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Satellite companies stocks

Ready to invest in the space industry? Learn how to invest in satellite stocks in just a few steps.

The best satellite stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

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.

  1. Globalstar (GSAT)
  2. Iridium Communications (IRDM)
  3. ViaSat (VSAT)
  4. EchoStar Corporation (SATS)
  5. Maxar Technologies (MAXR)
  6. Gilat Satellite Networks (GILT)

Compare investment accounts that help you research stocks

The satellite stocks 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.

Our picks for platforms with research tools

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How to invest in satellite stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like GSAT or IRDM.
  5. Place your order. Buy the stock. It's that simple.

Learn more about popular satellite stocks

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 US stocks.

1. Globalstar (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.

  • Previous close price: $1.30
  • Market capitalization: $2,486,774,528
  • 1 year performance: 20.37%
Buy GSAT stock on Interactive Brokers

2. 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 postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.

  • Previous close price: $24.65
  • Market capitalization: $3,002,906,368
  • 1 year performance: -58.90%
  • P/E ratio: 205.5833
Buy IRDM stock on Interactive Brokers

3. ViaSat (VSAT)

Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.

  • Previous close price: $15.68
  • Market capitalization: $2,159,263,488
  • 1 year performance: -55.11%
Buy VSAT stock on Interactive Brokers

4. EchoStar Corporation (SATS)

EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in 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.

  • Previous close price: $14.17
  • Market capitalization: $3,923,449,600
  • 1 year performance: -21.63%
Buy SATS stock on Interactive Brokers

5. 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.

  • Previous close price: $0.00
  • Market capitalization: $4,003,368,448
  • 1 year performance: 3.60%
Buy MAXR stock on Interactive Brokers

6. 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.

  • Previous close price: $5.46
  • Market capitalization: $326,707,424
  • 1 year performance: 11.20%
  • P/E ratio: 13.9756
Buy GILT stock on Interactive Brokers

Buy satellite stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 4 of 4
Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Finder Score:
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4.3 / 5
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
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Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
CIBC Investor's Edge
Finder Score:
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3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs
$6.95
$0 if conditions met, or $100
100 free trades + up to $4,500 cash back
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Questrade
Finder Score:
★★★★★
4.3 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
Qtrade Direct Investing
Finder Score:
★★★★★
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to a $150 sign-up bonus. Use code OFFER2024. Ends October 31, 2024.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
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Bottom line

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. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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