Considering investing in space stocks? While the best space stocks depend on your portfolio and investment goals, we've identified some space stocks that are worth keeping an eye on in the aerospace sector. Keep reading to learn more about space stocks and how to start investing.
7 popular space stocks to watch
We round up a selection of stocks in or related to the aerospace 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 |
|---|---|---|---|---|---|
| Virgin Galactic (SPCE.US) | (data unavailable) | $274.9 million (USD) | NYSE | (data unavailable) | Buy now |
| The Boeing Company (BA.US) | 17.80% | $141.7 billion (USD) | NYSE | 6,763,665 | Buy now |
| Northrop Grumman Corporation (NOC.US) | 12.10% | $81.9 billion (USD) | NYSE | 794,700 | Buy now |
| Lockheed Martin Corporation (LMT.US) | -15.13% | $102.5 billion (USD) | NYSE | 1,657,300 | Buy now |
| Rocket Lab USA (RKLB.US) | (data unavailable) | $22.4 billion (USD) | NASDAQ | (data unavailable) | Buy now |
| MDA (MDA.TO) | (data unavailable) | $2.9 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Telesat (TSAT.TO) | 100.11% | $1.7 billion (CAD) | Toronto Stock Exchange | 13,313 | Buy now |
What to look for when investing in space stock
The aerospace industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering space 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 space stock
- Research the aerospace industry. Before investing, learn about the space 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 space stock(s) to buy. Search by company name or ticker symbol, like SPCE or BA. 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 space stocks
Are space stocks a good investment?
While it's possible to turn a profit investing in space stocks, keep in mind that—like any investment—space stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the aerospace industry, so carefully vet your picks before you invest.What are the best space stocks?
A lot of factors go into picking the best space stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong space stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular space stocks in or related to the aerospace industry to help narrow down your options:
- Virgin Galactic (SPCE)
- The Boeing Company (BA)
- Northrop Grumman Corporation (NOC)
- Lockheed Martin Corporation (LMT)
- Rocket Lab USA (RKLB)
- MDA (MDA)
- Telesat (TSAT)
Keep in mind that this is not a "best" list or a recommendation. It highlights some space 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 space stock below. Keep reading to decide if any of these companies are the right investment for you.
Virgin Galactic (SPCE)
Virgin Galactic Holdings, Inc. , an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.
| Market Capitalization | $274.9 million |
|---|---|
| Gross profit (TTM) | $-73,139,000 |
| Revenue (TTM) | $1.7 million |
| Earnings per share (TTM) | -$6.84 |
| 52-week stock price range | $2.18 – $6.82 |
The Boeing Company (BA)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through three segments: Commercial Airplanes; Defense, Space & Security; and Global Services. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements.
| Closing stock price | $186.46 |
|---|---|
| Market Capitalization | $141.7 billion |
| Gross profit (TTM) | $965 million |
| Profit margin | -12.20% |
| Revenue (TTM) | $80.8 billion |
| Earnings per share (TTM) | -$13.70 |
| 52-week stock price range | $128.88 – $242.69 |
Northrop Grumman Corporation (NOC)
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, the Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, sustains, and modernizes aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic, and surveillance and reconnaissance systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
| Closing stock price | $545.51 |
|---|---|
| Market Capitalization | $81.9 billion |
| Gross profit (TTM) | $7.9 billion |
| Profit margin | 9.82% |
| Revenue (TTM) | $40.9 billion |
| Earnings per share (TTM) | $27.75 |
| 52-week stock price range | $418.96 – $638.31 |
Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through four segments: Aeronautics; Missiles and Fire Control (MFC); Rotary and Mission Systems (RMS); and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
| Closing stock price | $439.19 |
|---|---|
| Market Capitalization | $102.5 billion |
| Gross profit (TTM) | $6.1 billion |
| Profit margin | 5.73% |
| Revenue (TTM) | $73.3 billion |
| Earnings per share (TTM) | $17.95 |
| 52-week stock price range | $404.05 – $512.11 |
Rocket Lab USA (RKLB)
Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron, an orbital small launch vehicle for small spacecraft launch services, as well as develops Neutron launch vehicles for large constellation deployments, interplanetary missions and potentially for human spaceflight.
| Market Capitalization | $22.4 billion |
|---|---|
| Gross profit (TTM) | $175.8 million |
| Profit margin | -35.64% |
| Revenue (TTM) | $554.5 million |
| Earnings per share (TTM) | -$0.38 |
| 52-week stock price range | $14.71 – $73.97 |
MDA (MDA)
MDA Space Ltd. provides space technology solutions and in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and data to deliver critical insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.
| Market Capitalization | C$2.9 billion |
|---|---|
| Gross profit (TTM) | C$418 million |
| Profit margin | 7.40% |
| Revenue (TTM) | C$1.5 billion |
| Earnings per share (TTM) | C$0.85 |
| 52-week stock price range | C$19.96 – C$48.31 |
Telesat (TSAT)
Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services comprising direct-to-home television, video distribution and contribution, and occasional use services; enterprise services consisting of telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development.
| Closing stock price | C$37.10 |
|---|---|
| Market Capitalization | C$1.7 billion |
| Gross profit (TTM) | C$233.6 million |
| Profit margin | -34.55% |
| Revenue (TTM) | C$451.9 million |
| Earnings per share (TTM) | -C$11.11 |
| 52-week stock price range | C$17.84 – C$51.60 |
Compare trading platforms to buy space 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 space stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of space 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 aerospace industry to know when to buy, sell or hold.Frequently asked questions about space stocks
Sources
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