Waiting for the SpaceX IPO? These 3 stocks under $50 could skyrocket much, much higher (and you can buy them now)
The article says SpaceX is targeting an IPO valuation of at least $1.8 trillion and is expected to debut this month, though IPO allocations may favor institutions. It highlights three space-related stocks under $50: Intuitive Machines (Q1 revenue $186.7M; backlog $1.1B; 2026 outlook $900M–$1B; PT $75), Spire Global (Q1 2026 revenue $15.8M; PT $22.5), and MDA Space (Q1 revenue CA$464.1M; adjusted EBITDA CA$90.6M; backlog CA$3.7B; PT $73).
Fundamentals improved (revenue/backlog) and the article highlights analyst upside tied to continued lunar demand.
Intuitive Machines reported Q1 revenue of $186.7M, nearly triple YoY, with backlog rising to a record $1.1B and reaffirmed 2026 outlook.
Bias toward upside continuation, but magnitude depends on follow-through beyond the article’s analyst price target.
Background
The article argues SpaceX’s IPO could spark investor demand for already-public, SpaceX-adjacent companies trading under $50.
Why it matters
It highlights recent quarterly performance (revenue, backlog, guidance) for three public space companies and pairs each with analyst upside commentary.
Market relevance
Useful for identifying which space names have recent fundamental momentum, but it is not a direct, time-critical catalyst like an earnings release on the publication date.
Market effects
Reinforces a “space ecosystem” trade where investors may rotate into satellite/data/infrastructure names as SpaceX IPO draws attention.
Primarily US-listed space equities; sentiment spillover could affect broader North American small/mid-cap space complex.
Limited direct global linkage; mostly a US investor positioning narrative around commercial space growth.
Alternative perspectives
The SpaceX IPO is a thematic catalyst; these stocks’ near-term moves may be driven more by their own contract/backlog execution than by IPO-driven retail/institutional attention.
Valuation and execution risk remain high in commercial space; backlog growth must translate into cash flows, and guidance reaffirmations can still be revised if launch/contract timing slips.
Key entities
- public_companyIntuitive Machines
Moon-focused commercial space company; Q1 revenue nearly tripled and backlog hit a record $1.1B.
- public_companySpire Global
Satellite data provider; Q1 revenue beat guidance and ex-maritime revenue rose 13% YoY.
- public_companyMDA Space
Satellite/robotics/space operations and geointelligence; Q1 revenue grew 32.2% YoY and backlog reached CA$3.7B.
