The blockbuster SpaceX IPO, debuting at US$135 and closing its first day at US$160.95 for a US$2.1t valuation, has sharpened investor focus on high growth themes linked to space, artificial intelligence, and advanced manufacturing. Strong demand for SpaceX stock has highlighted how quickly capital can shift when a fresh story captures attention. This article walks through three stocks from a High Growth Innovation screener that are exposed to the same news catalysts, showing how their business profiles line up with current market interest and where the recent IPO narrative could matter most for your watchlist.

Celestica (TSX:CLS)

Overview: Celestica is a Toronto based electronics manufacturer that builds and manages complex hardware and supply chains for original equipment makers, cloud providers, hyperscalers, and aerospace, industrial and healthtech customers, covering everything from design and engineering through to production, logistics and after-market services.

Operations: Celestica generates revenue primarily from its Advanced Technology Solutions segment at US$3.2b and its larger Connectivity & Cloud Solutions segment at US$10.6b.

Market Cap: CA$63.3b

Celestica offers direct exposure to AI hardware and advanced manufacturing, similar to the themes that helped ignite interest around the SpaceX IPO. Its Connectivity & Cloud Solutions unit is closely tied to hyperscalers, data centers and high bandwidth networking for AI workloads. Forecasts of fast earnings and revenue growth, rising profit margins and high future ROE describe a business that is scaling into this demand, supported by new programs such as AI optimized networking racks and the Helios rack scale platform with AMD. At the same time, concentration in a few large cloud customers, reliance on external funding and a premium P/E highlight that the stock carries risks, which is why a closer look at Celestica may be important for your watchlist.

Celestica’s AI hardware story is accelerating, but the real question is how much of that is already priced into the stock and where concentration and funding risks could bite next. It is worth reading the 2 key rewards and 1 important major warning sign

Viant Technology (DSP)

Overview: Viant Technology runs a cloud based demand side platform that helps advertisers buy and measure digital ads across connected TV, streaming audio, digital out of home, mobile and desktop, using tools like ViantAI, Household ID and IRIS_ID to target households and content while keeping campaigns privacy focused.

Operations: Viant Technology generates all of its reported US$362.1m of revenue from internet information provider services in the United States.

Market Cap: US$727.4m

Viant Technology operates at the intersection of AI, privacy and connected TV. The company has a record pipeline of large advertisers, is growing earnings faster than revenue as margins improve, and is launching products such as Viant Publisher Solutions and reliability based targeting on CTV news to deepen its position with premium media partners. At the same time, Viant faces heavy competition from big platforms, funding that depends on external capital and exposure to a handful of large customers, so understanding how those pieces fit together is important when deciding where it belongs on a watchlist.

Viant Technology sits where AI, privacy and connected TV are accelerating together, but most investors still treat it like a plain ad tech stock. Before that gap closes, read the 5 key rewards and 1 important warning sign

Electrovaya (TSX:ELVA)

Overview: Electrovaya is a Mississauga based battery company that designs and manufactures lithium ion batteries, battery management systems and related products used in warehouse forklifts, robotics, electric buses and trucks, defense equipment and grid scale energy storage.

Operations: Electrovaya generates about US$71.2m of revenue from developing, manufacturing and marketing power technology products, with the vast majority coming from the United States and a smaller portion from Canada and other regions.

Market Cap: CA$659.4m

Electrovaya gives you pure play exposure to industrial and grid batteries at a time when the SpaceX IPO has reignited interest in energy and electrification themes tied to automation, logistics and data centers. The company is already profitable. Analysts expect fast earnings and revenue growth over the next few years, and recent projects like the U.S. Department of Energy backed 1.2 MWh storage system point to demand for its long life, safety focused Infinity battery technology. On the other hand, a very high P/E, funding that depends entirely on higher risk sources and recent shareholder dilution mean expectations are elevated, and execution at new facilities such as Jamestown is important.

Electrovaya’s profitable battery story with U.S. Department of Energy backed projects and a high P/E suggests expectations are intense, but the real tension is how growth and funding risks intersect in the analyst forecasts for Electrovaya

The three stocks in this article are just a starting point. The full High Growth Innovation Stocks screener surfaces 27 more companies whose numbers and business stories line up with the same space, AI and advanced manufacturing themes, all grouped in the High-Growth Innovation Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts, financial traits and narratives that matter most to you so you can focus your attention on the highest conviction ideas in that list.

Take Control of Your Investment Journey

If Viant Technology or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Beyond Your Watchlist?

New themes can gain breakout momentum quickly. The best entry points can often pass quietly while stocks are still under the radar, so it can help to prepare your research ahead of time.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.