3 Space Stocks to Watch if You Missed the SpaceX IPO
The SpaceX IPO was the largest in market historical past, and it ran scorching from day one. But the float (obtainable shares) was tiny, so most buyers by no means received an allotment. With the IPO out of attain, cash is rotating into different area shares to watch.
That rotation is selective, lifting just a few names. So reasonably than chase SpaceX, three of them stand out immediately.
The Money Is Rotating Within Space, Not Out of It
The SpaceX debut did greater than mint one big inventory. It pulled recent cash and a spotlight into the complete area basket. That cash is now shifting, but it’s not lifting every part.
A couple of names are drawing it in, whereas most of the sector leaks it out.
This seems to be like an actual basket-driven transfer, not a broad market drift. The area names have a tendency to transfer collectively, with a median correlation of 0.50. That sits simply above their 0.49 hyperlink to the Nasdaq 100. So the rotation is partly its personal, not a risk-on wave.
Note: There is not any actual area index. So this can be a artificial basket of the most related area names, constructed as a reference level.
The backdrop, although, stays weak. Only a 3rd of those names commerce above their 50-day common, an indication of broad warning. So the cash is being selective. Instead of lifting the sector, it flows to a small group of leaders. Three of them stand out.
Spire Global (NYSE: SPIR)
Spire is the least expensive means to journey the rotation, and a recent catalyst is pulling cash in. This area inventory to watch has surged 143% in 2026, largely on a European protection pivot.
At June’s ILA Berlin Airshow, Spire signed a deal with Germany’s Diehl Defence. Specifically, the work targets satellite tv for pc early warning towards ballistic and hypersonic missiles. Spire additionally opened a Munich plant that may construct up to 100 satellites a 12 months. Therefore, the influx tracks actual protection demand, not hype.
That demand exhibits up in the move. Chaikin Money Flow (CMF), a gauge of institutional cash flowing out and in, reads 0.137, the strongest pull in the group. Fundamentally, too, Spire is the steadiest of the three. Already, roughly 76% of 2026 revenue is booked, and breakeven is in sight.
The choices affirm the bullish lean. The put-call ratio weighs bearish places towards bullish calls. Spire’s studying sits at 0.42 on open curiosity, the contracts nonetheless held, which is call-heavy. It can be down from 1.25 in March.
Still, sooner or later introduced a pointy spike in put quantity, pushing the ratio to as high as 4.91. After a 143% year-to-date run, that reads as revenue safety, not an actual bearish flip.
So if the feared dip by no means lands, these places lose worth, and late shorts might cowl. In flip, that masking would add gas reasonably than cap the transfer. This thesis makes SPIR one in all the extra attention-grabbing space stocks to watch.
Redwire (NYSE: RDW)
One carefully adopted view calls Redwire the greatest SpaceX different, and its product explains why. It builds the space-grade photo voltaic arrays that energy satellites and spacecraft in orbit. That {hardware} is difficult to copy, so even SpaceX would likely source it rather than build it. So Redwire grows by supplying the sector, not by competing.
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The move backs the story. CMF reads a constructive 0.133, with more cash shifting in than out. This is second solely to SPIR and exhibits the money moving out of SPCX could be favoring RDW.
The numbers are robust, but unstable. The inventory ripped 223% to its 2026 peak, then pulled again laborious. Still, demand holds up, and RDW remains to be holding onto over 50% of its year-to-date positive factors.
(*3*), backlog hit a document $498 million, and 2026 steerage stands at $450 million to $500 million. However, the run drew a Jefferies downgrade and a $500 million share sale, so dilution is an actual threat.
The choices lean bullish, too. Redwire’s put-call ratio reads 0.44 on quantity and 0.48 on open curiosity, each call-heavy. Notably, the quantity determine rose this week, from 0.33, but open curiosity barely moved.
Therefore, the recent put exercise seems to be like gentle hedging after the run, not bearish conviction.
Voyager Technologies (NYSE: VOYG)
Voyager is the boldest wager, and it’s constructed round an area station. Specifically, its centerpiece is Starlab, a industrial alternative for the growing older International Space Station. Voyager leads that undertaking with Airbus, Mitsubishi, and MDA Space.
Notably, Starlab’s payload capacity is already 130% booked, earlier than it even launches. So prospects have reserved more room than the station will maintain, displaying demand is actual and income largely pre-booked. As a end result, the inventory is up about 35% in 2026.
The move agrees, if extra softly. CMF holds constructive at 0.056, the weakest of the three, however nonetheless a web influx. This hints at gradual and cautious capital entry.
Recent wins additionally stack up quick. Voyager raised 2026 steerage towards $255 million, received a $16.5 million defense contract, and is acquiring lunar firm Astrobotic. Still, the catch is persistence, as a result of Starlab earns nothing but.
The choices match the group. By day by day quantity, Voyager’s put-call ratio reads 0.55.
Yet amongst contracts held longer, it drops to 0.33, firmly call-heavy. So extra places commerce every day, however few keep open. The lasting positions nonetheless favor calls. Once once more, that reads as short-term warning, not an actual bearish flip for this area inventory.
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