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After the SpaceX IPO, Investors Are Looking Past Launch — to the Companies That Sell What Satellites See
Steven Cress says 3 overlooked aerospace stocks may offer better risk-reward as investors weigh valuation, lockup and execution risks after the SpaceX IPO.
- On Monday, Seeking Alpha's Head of Quantitative Strategies Steven Cress highlighted three aerospace stocks, urging investors to look beyond SpaceX's IPO volatility toward the broader 'data layer' of the space economy.
- As cheaper orbital access lowers costs for putting imaging satellites into orbit, data companies like Planet Labs PBC and Satellogic Inc. benefit by selling ongoing streams of high-resolution Earth imagery.
- Planet Labs reported record quarterly revenue of about US$94 million, up 42% year-over-year, while cash and short-term investments surged 223% to roughly US$731 million for the period ended April 30, 2026.
- Satellogic reported 80% year-over-year revenue growth, and Starfighters Space joined the Russell 3000 Index effective Monday, June 29, 2026, marking institutional recognition in the aerospace sector.
- Despite record revenue and strengthening balance sheets, these firms face characteristic risks including historical net losses and intense competition in high-resolution Earth observation, requiring profitability at scale to be demonstrated.
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12 Articles
12 Articles
Elon Musk's space companies have a thaw between bold vision and hard mathematics. There is now an important test for the stock.
·Düsseldorf, Germany
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Coverage Details
Total News Sources12
Leaning Left6Leaning Right3Center2Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 18%
R 27%
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