9 space stocks to watch

The best space 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.

9 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.

1. Virgin Galactic (SPCE)
2. Tesla (TSLA)
3. The Boeing Company (BA)
4. Northrop Grumman Corporation (NOC)
5. Maxar Technologies (MAXR)
6. Lockheed Martin Corporation (LMT)
7. Vector Acquisition Corporation (VACQ)
8. Aerojet Rocketdyne (AJRD)
9. Safran (SAFRY)

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The space stocks 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.

Our picks for platforms with research tools

How to invest in space 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 SPCE or TSLA.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular space stocks

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 US stocks.

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1. 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. The company 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.

• Previous close price: $6.72
• Market capitalization: $134,926,736
• 1 year performance: 75.46%

Buy SPCE stock on Interactive Brokers

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2. Tesla (TSLA)

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.

• Previous close price: $220.25
• Market capitalization: $703,619,399,680
• 1 year performance: -15.29%
• P/E ratio: 61.6947

Buy TSLA stock on Interactive Brokers

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3. 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 Commercial Airplanes; Defense, Space & Security; and Global Services segments. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements, as well as provides fleet support services.

• Previous close price: $184.35
• Market capitalization: $113,169,522,688
• 1 year performance: -12.96%

Buy BA stock on Interactive Brokers

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4. Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

• Previous close price: $470.57
• Market capitalization: $65,123,823,616
• 1 year performance: 3.78%
• P/E ratio: 30.6776

Buy NOC stock on Interactive Brokers

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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: N/A

Buy MAXR stock on Interactive Brokers

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6. Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

• Previous close price: $521.40
• Market capitalization: $113,001,521,152
• 1 year performance: 10.94%
• P/E ratio: 17.3836

Buy LMT stock on Interactive Brokers

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7. Vector Acquisition Corporation (VACQ)

Vector Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in San Francisco, California.

• Previous close price: $0.00
• Market capitalization: $437,716,224
• 1 year performance: N/A

Buy VACQ stock on Interactive Brokers

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8. Aerojet Rocketdyne (AJRD)

Aerojet Rocketdyne Holdings, Inc. engages in the design, development, manufacture, and sale of aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate.

• Previous close price: $0.00
• Market capitalization: $4,683,208,704
• 1 year performance: 3.31%
• P/E ratio: 63.0326

Buy AJRD stock on Interactive Brokers

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9. Safran (SAFRY)

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.

• Previous close price: $53.99
• Market capitalization: $91,469,922,304
• 1 year performance: 38.86%
• P/E ratio: 24.3801

Buy SAFRY stock on Interactive Brokers

Buy space 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.

Bottom line

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. 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.

Related: How to buy stocks in Canada

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.