Just 1 Space Stock to Buy in April

2026-04-20 06:39:00 ET

Space stocks are on a tear, and their prices are out of this world.

Thanks to the twin catalysts of Artemis II successfully circling the moon, then returning to deliver its astronauts back to Earth unscathed, and the confirmation that SpaceX has filed its IPO prospectus and will hold an initial public offering this summer, investor enthusiasm for space stocks has never been higher.

Shares of unprofitable space stocks I've previously endorsed as speculative buys when their valuations were in single digits now trade well into the double digits -- Firefly Aerospace (NASDAQ: FLY) costs 37 times trailing sales, Planet Labs (NYSE: PL) 40 . Space stocks expected to be profitable next year, which can be valued at least on forward earnings , carry even more extreme valuations. Rocket Lab (NASDAQ: RKLB) , for example, now costs nearly 1,600 times forward earnings.

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