9 top space stocks to buy in 2023

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 space stocks to buy in 2023

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.

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.

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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 of 2023.
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.

Take a deeper dive into space stocks

If you're interested in investing in the aerospace industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. Virgin Galactic (SPCE)

Virgin Galactic Holdings, Inc. focuses on the development, manufacture, and operation of spaceships and related technologies for conducting commercial human spaceflight and flying commercial research and development payloads into space. It is also involved in the ground and flight testing, and post-flight maintenance of its spaceflight system vehicles.

The latest price was $2.06 (25-minute delay). Virgin Galactic is listed on the NYSE, has a trailing 12-month revenue of around USD4.9 million and employs 1,166 staff.

• Market capitalization: $801,428,608

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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. It operates in two segments, Automotive, and Energy Generation and Storage.

Tesla stock opened the day at $241.55 after a previous close of $239.37. The latest price was $239.45 (25-minute delay). Tesla is listed on the NASDAQ, has a trailing 12-month revenue of around USD$95.9 billion and employs 127,855 staff.

• Market capitalization: $748,889,964,544
• P/E ratio: 75.7492
• PEG ratio: 2.692

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

The Boeing Company stock opened the day at $236.90 after a previous close of $236.89. The latest price was $236.76 (25-minute delay). The Boeing Company is listed on the NYSE, has a trailing 12-month revenue of around USD$75.8 billion and employs 156,000 staff.

• Market capitalization: $142,090,944,512
• PEG ratio: 6.5305

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4. Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems in the United States and internationally. 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.

Northrop Grumman Corporation stock opened the day at $482.22 after a previous close of $480.29. The latest price was $481.05 (25-minute delay). Northrop Grumman Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$38.7 billion and employs 95,000 staff.

• Market capitalization: $72,430,395,392
• P/E ratio: 15.8003
• PEG ratio: 13.2048

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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.

Maxar Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD$1.6 billion and employs 4,600 staff.

• Market capitalization: $4,003,368,448

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.

Lockheed Martin Corporation stock opened the day at $449.99 after a previous close of $449.41. The latest price was $448.00 (25-minute delay). Lockheed Martin Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$67.7 billion and employs 116,000 staff.

• Market capitalization: $111,815,745,536
• P/E ratio: 16.4485
• PEG ratio: 2.3508

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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. . . . .

Vector Acquisition Corporation is listed on the NASDAQ.

• Market capitalization: $437,716,224

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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.

Aerojet Rocketdyne is listed on the NYSE, has a trailing 12-month revenue of around USD$2.3 billion and employs 5,283 staff.

• Market capitalization: $4,683,208,704
• P/E ratio: 63.0326
• PEG ratio: 5.3922

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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 services, as well as sells spare parts.

Safran stock opened the day at $44.07 after a previous close of $43.98. The latest price was $44.10 (25-minute delay). Safran is listed on the PINK, has a trailing 12-month revenue of around USD$22.1 billion and employs 83,217 staff.

• Market capitalization: $72,724,627,456
• P/E ratio: 21.845
• PEG ratio: 0.8843

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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. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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