3 Space Companies Recently Went Public -- This Is How I'd Rank Them

The biggest abstraction banal archetypal nationalist offering (IPO) of the year, successful presumption of some the magnitude expected to beryllium raised and the attraction it volition yet receive, volition beryllium the SpaceX IPO. Still, that doesn't mean determination aren't different opportunities retired there.

Outside of the SpaceX IPO, HawkEye 360 (NYSE: HAWK) and York Space Systems (NYSE: YSS) went nationalist this year, and MDA Space (NYSE: MDA) besides completed a U.S. IPO, with the Canadian institution present having its shares commercialized connected some the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).

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In bid of the astir appealing investable opportunities, here's however I fertile them.

1. MDA Space

MDA Space has the longest operating past of immoderate institution connected this list, having been founded successful 1969. Its concern is divided among 3 main segments: outer systems, robotics and abstraction exploration, and geointelligence.

With its finances reported successful Canadian dollars, it has a caput commencement connected galore different companies conscionable going public, with gross hitting a grounds for the institution successful 2025 astatine CA$1.6 billion. It's besides a profitable company, reporting CA$108.5 cardinal successful nett income successful 2025.

Although it's been publically traded connected the TSX, its U.S. IPO motorboat connected the NYSE tin springiness it much capitalist exposure. As a profitable institution with a agelong operating history, among the 3 companies, MDA Space is wherever I would commencement my abstraction banal research.

2. HawkEye 360

HawkEye was founded successful 2015 and has implicit 30 satellites successful cognition that observe and qualify radar, navigation, and connection signals, mostly for authorities entities. As mentioned, the company's gross is chiefly concentrated connected authorities contracts, with U.S. customers accounting for 61% of income for 2025.

The institution squeezed retired a tiny nett successful 2025, reporting nett income of $2.7 million. The opportunities up look bigger, however, arsenic HawkEye has a backlog of astir $320 cardinal and believes its full addressable marketplace (TAM) offers adjacent greater gross potential. HawkEye expects its TAM for the planetary RF spectrum exploitation marketplace to scope $34 cardinal by 2030.

In the abbreviated term, to spot advancement aft the IPO, imaginable investors volition privation to support tabs connected caller contracts and outer fleet expansion. But successful the agelong term, the request for space-based signals quality is lone going to increase, and HawkEye could beryllium a leader. It besides has a stronger moat done its information and proprietary algorithms.