Everyone is talking about the SpaceX IPO. A $2 trillion valuation. The biggest space company on the planet going public. Felix Prehn, ex-investment banker featured by the Associated Press and host of the Felix & Friends (Goat Academy) YouTube channel with over 630K subscribers, is looking somewhere else. He found four listed space shares he believes could outperform SpaceX initial public offering returns by a wide margin.

Estimated reading time: 9 minutes

Top Space Stocks Felix Prehn Picked for the Next Space Economy Boom

Felix Prehn bought Palantir at around $20 a share when everyone called it overvalued. The position is up roughly 500%. He uses a system for spotting asymmetric opportunities, stocks where the upside could be 5x, 10x, or more.

On his channel, Felix applied the same system to the space sector. He walked viewers through four listed companies, the risk levels, the catalysts, and the SpaceX IPO risk most buyers ignore.

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Felix also published a free research report covering all four picks and the full IPO breakdown.

No credit card required.

Key Takeaways

• Felix Prehn selected four public space stocks with 10x to 20x upside potential. SpaceX IPO buyers at a $2 trillion valuation may only see a 2x return.
• Redwire is a $2 billion company with relationships to NASA and the Department of Defense. It is likely a supplier to commercial space station builders. Institutional money is visibly buying in.
• Voyager funds Starlab space station development with steady defense contract revenue. Cash burn risk stays low compared to pure space plays.
• Firefly’s revenue is accelerating sharply. The company holds $300 million in cash and has already landed a craft on the moon.
• Orbit International has barely moved since 2009. Its tiny market cap and military-grade electronics niche create an asymmetric setup where one buyer could move the stock dramatically.
• The SpaceX IPO at roughly $2 trillion sparked the entire analysis. Felix Prehn asked: Are the best returns already gone by the time retail investors get access?
• Felix Prehn ranks the four picks by risk and recommends a maximum 5% portfolio allocation. A free research report covering all four stocks is available at felix.org/spacex with no credit card required.

Four Public Stocks with 10x Potential

Why wait for the SpaceX IPO when four space companies are already listed on public markets at a fraction of the valuation?

Felix Prehn’s argument is simple. SpaceX is listed at roughly $2 trillion. Even if the company executes perfectly, IPO buyers are looking at maybe a 2x return. Solid, but not life-changing unless you invest a fortune.

The four companies Felix identified are valued in a range between $13 million and $2 billion. If any one of them becomes a dominant niche player, the stock could multiply 10x, 20x, or more.

None of the four companies competes with SpaceX. They all need SpaceX to succeed. Lower launch costs open access to outer space for smaller operators. Every company building hardware, stations, rockets, and electronics for the space industry benefits. SpaceX wins, the entire sector wins.

Felix teaches the full system in a free trading masterclass designed to help investors reduce the risk of costly mistakes.

Redwire: Picks and Shovels of Space

Remember the California Gold Rush? The people who made money sold picks, shovels, and jeans to the miners. Redwire (ticker: RDW) is the picks-and-shovels play of the space industry.

What does Redwire build?

• Solar arrays
• Antennas
• Sensors
• Robotic systems
• In-space manufacturing technology

Every satellite needs power. Every spacecraft needs antennas. Every station needs structural components. Redwire supplies all of it.

The company does not need to launch rockets or land on the moon. It just needs space exploration activity to increase.

On the International Space Station right now, Redwire’s solar arrays power the entire station. The company’s 3D printing technology operates in orbit. Redwire also makes star trackers, sun sensors, and composite beams.

Why Redwire Matters Right Now

A massive buildout is underway.

• NASA’s Artemis program needs hardware for lunar missions
• The Department of Defense is investing billions in space capabilities
• Commercial companies are planning private stations to replace the ISS

About 60% of Redwire’s revenue comes from government and defense customers. Redwire is likely a supplier to companies like Axiom, Blue Origin, and Voyager as they build commercial space stations.

Felix Prehn pointed out visible institutional buying on the stock chart. Hedge funds or large capital allocators are accumulating shares.

Redwire is a $2 billion company today. Felix sees a path to $20 billion. Even $200 billion is not impossible, though much harder to achieve. Analysts covering the space industry will likely pay closer attention as the share price climbs.

Voyager: Station to Replace the ISS

Voyager (ticker: VOYG) is building a commercial space station called Starlab in partnership with Airbus. Starlab is designed to provide continuous human presence in low Earth orbit after the ISS retires around 2030.

The ISS launched in 1998. It has been in orbit for 25 years. NASA plans to decommission it but does not want to lose access. NASA awarded commercial station contracts, and Voyager’s Starlab is one of the leading contenders.

Defense Revenue Funds the Ambition

What makes Voyager different from pure space plays is the defense technology side. The company builds:

• Missile defense interceptors
• Kill vehicles
• Hypersonic missiles
• Radiation-hardened communication equipment

Defense contracts generate steady revenue. Voyager can afford to develop Starlab because cash keeps flowing in from military work. The company is not burning through reserves to fund a space dream.

Felix noted the share price dropped about 70% after the Voyager IPO. The pattern matches exactly what he warns about with SpaceX. Early investors sold. The stock recovered.

Now Voyager has tested the same resistance level three times since mid-2025. A breakout in SpaceX excitement could send the stock much higher. A return to all-time highs would represent about 80% upside. The business has improved since listing.

Firefly: Moon Lander with Fast Revenue Growth

If you think the only launch companies worth watching are SpaceX and Rocket Lab, you might be missing Firefly.

Firefly’s flagship product is the Alpha Rocket. It is a small launch vehicle designed to carry small satellites into orbit. The company is also developing Eclipse, a medium-lift vehicle competing in the larger payload market.

And here is the part most people miss. Firefly has already landed on the moon. A craft built by Firefly reached the lunar surface. Very few companies in the world can claim the same achievement.

Numbers Behind Firefly

Felix highlighted the figures:

• Revenue growth is accelerating fast
• R&D spending relative to revenue is declining
• The company holds $300 million in cash

The US military wants the ability to rapidly deploy satellites when a national security threat emerges. Firefly specializes in exactly the kind of quick-turnaround launches the military needs.

On the stock chart, each new high surpasses the previous one. Each new low is higher than the last. The stock went public at about $24 and trades around $43. Felix sees a clear breakout pattern forming. A path to profit could accelerate the move.

Orbit International: Micro-Cap Asymmetric Bet

Orbit International (ticker: ORBT) is the smallest and most speculative pick. A $13 million market cap. The stock has done almost nothing since 2009. It is listed at $15 and trades around $4.

So why does Felix Prehn find it interesting? Because the tiny size is an opportunity. Wall Street institutions cannot invest in a company so small. It falls below their radar.

One hedge fund buying in could send the price dramatically higher. Felix calls it the kind of asymmetric opportunity he loves.

What Orbit International Builds

The company designs and manufactures mission-critical electronic components and services:

• Ultra-rugged keyboards, displays, and control panels for battlefield, airborne, and space conditions
• LCDs readable in direct sunlight
• Highly reliable, uninterrupted power supplies

Military aircraft, naval vessels, and aerospace contractors use the equipment. The same contractors building satellites and ground control systems need military-grade electronics from companies like Orbit International.

If revenue grows from $25 million to $50 million, the stock could move fast. A 100% increase in tiny volume could push the price back toward $25. Felix is clear: a position in a stock like Orbit International should be tiny. Otherwise, the risk is too high.

The SpaceX IPO Sparked the Search

By the time SpaceX goes public, are the best returns already gone? Felix Prehn thinks the answer matters more than most investors realize.

SpaceX has been around for 20 years. Private equity investors got in early and made up to 100x returns. A million dollars turned into $100 million. But the money is locked in private shares.

The initial public offering is the exit. Wall Street calls retail investors “exit liquidity” for a reason.

Felix explained the six-month lockup period. After an IPO, early investors cannot sell for six months. Once the lockup expires, institutional capital floods out. The stock price usually dips.

Felix has lived through the lockup as a private equity investor. He described the frustration of watching a stock move while being unable to sell.

Companies like Uber, Lyft, and WeWork went public at massive valuations. Insiders cashed out. Retail investors lost money for years.

Felix is not saying SpaceX will follow the same path. SpaceX fundamentals are strong. Starlink alone could become a 10 trillion dollar business. But the risk at IPO is real. The future of space exploration depends on companies like SpaceX, yet the best investment returns may sit elsewhere.

Risk Levels and Portfolio Strategy

Felix Prehn ranked the four stocks by risk:

• Redwire (RDW): Medium risk, medium reward. The most established of the four has government contracts and institutional buying.
• Voyager (VOYG): High risk, potentially high reward. Defense revenue provides a floor, but the Starlab bet is large.
• Firefly: Growth-stage risk. Revenue is accelerating, and cash reserves are solid, but the company is still proving itself.
• Orbit International (ORBT): Highest risk. A micro-cap with minimal trading volume. The potential reward is enormous, but so is the chance of losing money.

Felix recommends keeping total space stock exposure to about 5% of a portfolio. Every position needs an exit plan.

He also flagged a real concern on Wall Street. When SpaceX goes public, it could absorb billions from investors who sell other positions to buy the IPO.

The space industry is worth about $500 billion today. It is expected to approach $2 trillion by 2035. A free research report covers all four stocks and the complete SpaceX IPO analysis. No credit card required.

Felix Prehn’s Tips and Insights

• The IPO is designed to make early investors rich, not retail buyers. Private equity investors in SpaceX have already made up to 100x returns. The IPO is their exit.
• Six months after any initial public offering, the lockup period ends. Institutional selling usually creates a dip. The post-lockup dip can offer a lower-risk entry point.
• Smaller space companies do not compete with SpaceX. They benefit when SpaceX succeeds because lower launch costs open access for the entire space industry.
• Institutional money buying into a stock is visible on the chart. Felix spotted large buyers accumulating Redwire shares, a positive signal.
• Asymmetric opportunities are stocks where the downside is limited but the upside could be 5x, 10x, or more. Tiny companies like Orbit International fit the profile because one catalyst can move the price dramatically.
• Position sizing matters. A speculative micro-cap should be a tiny part of any portfolio. Felix calls anything larger “lunacy.”

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Frequently Asked Questions

What Is the Space Launch System and How Does It Connect to Top Space Stocks?

The Space Launch System (SLS) is NASA’s heavy-lift rocket built for deep space missions. SLS launches create demand for components, sensors, and electronics from smaller listed companies. Investors researching top space stocks track SLS mission schedules as a catalyst.

Can I Trade Space Stocks through Space ETFs?

Yes. Space ETFs bundle multiple space-related companies into a single fund. The expense ratio on most space ETFs ranges from 0.40% to 0.75% annually. Beginners may want to research space ETFs as a lower-risk starting point before buying individual top space stocks.

Is Space Tourism a Factor When Picking Top Space Stocks?

Space tourism is a growing segment led by companies like Virgin Galactic. Revenue from space tourism remains small compared to defense and satellite contracts. Most top space stocks in expert analysis lean toward government and commercial customers.

What Role Do Technical Indicators Play in Evaluating Top Space Stocks?

Technical indicators are chart-based tools like moving averages and volume patterns. They help investors spot price movements before a breakout or breakdown. Experienced traders combine technical indicators with company fundamentals when researching top space stocks.

How Do Price Movements in Top Space Stocks Differ from Large-Cap Defense Names?

Small-cap and micro-cap space stocks can move 10% or more in a single session. Large-cap defense contractors like Lockheed Martin and Northrop Grumman show slower, steadier price movements. New entrants to the space sector carry more volatility but also more upside.

What Does Motley Fool Say about Top Space Stocks?

Motley Fool has published research on several space companies in recent years. Their coverage tends to center on larger holdings like Rocket Lab and satellite operators. Independent analysts and smaller research platforms cover micro-cap space stocks Motley Fool does not feature.

Is the Space Sector Sometimes Called the Final Frontier of Investing?

Yes. Financial media call space the final frontier because the industry is still in early development. Unlike mature sectors, space companies contribute to entirely new markets. Investors who pick top space stocks are betting on an industry projected to double within a decade.

Should My Portfolio Holdings Include Top Space Stocks?

It depends on risk tolerance. Most financial research suggests limiting speculative holdings to a small percentage of a portfolio. Position sizing and an exit plan matter more than picking the right name.

What Should Beginners Focus on before Buying Top Space Stocks?

Beginners should study revenue sources, cash reserves, and contract pipelines. A company with steady defense projects and a clear path to profitability carries less risk than a pre-revenue startup. Online research platforms and free reports can help new investors build a shortlist.

Do Top Space Stocks Benefit from Government Platform Contracts?

Many top space stocks generate revenue from government platform contracts. A platform contract covers an entire system, from a satellite bus to a ground station or a launch vehicle. Companies awarded multi-year platform projects show more predictable revenue than one-off suppliers.

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