SpaceX’s anticipated IPO is set to dominate the market, but several other space stocks are also gaining traction this year. Notably, MDA Space, HawkEye 360, and York Space Systems have all gone public, each presenting unique investment opportunities. MDA Space stands out with its long operating history since 1969, a diversified business model, and a record revenue of CA$1.6 billion in 2025, alongside a net income of CA$108.5 million.
HawkEye 360, founded in 2015, has a growing portfolio of over 30 satellites and a promising backlog of $320 million, driven primarily by government contracts. Its total addressable market for RF spectrum exploitation could reach $34 billion by 2030, positioning it as a potential leader in space-based signals intelligence. Meanwhile, York Space Systems is focusing on rapid product delivery and has a substantial backlog of $543 million, although it remains more hardware-centric.
For investors, MDA Space is the top recommendation due to its profitability and established presence, while HawkEye’s software-oriented model offers higher margin potential, making it a strong contender for growth.
Source: fool.com