SpaceX’s record US$75b IPO and US$2t market cap have grabbed headlines, but the ripple effects may matter more for you as an investor. Fresh enthusiasm for mega-IPOs and high-growth stories is colliding with questions about rich valuations and business risk. That mix of optimism and caution is now spilling over into other recently listed large caps that could one day qualify for major indices. This article highlights 3 stocks from our Index Inclusion Beneficiaries screener that are especially exposed to the SpaceX moment, to help you decide which opportunities might deserve a closer look or a wider berth.

Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page.

Ralliant (RAL)

Overview: Ralliant designs and sells precision test, measurement, sensor and safety systems used in semiconductor, electronics, utilities, defense, space and industrial settings, with brands such as Tektronix, Keithley and Qualitrol at the core of its portfolio.

Operations: Ralliant generates about US$2.1b in revenue, with roughly US$823.2m from Test and Measurement solutions and US$1.3b from Sensors and Safety Systems, and around US$1.1b of total revenue coming from the United States.

Market Cap: US$7.4b

Ralliant sits at the intersection of AI data centers, grid reliability and defense spending, which are all areas investors are watching more closely after the SpaceX IPO spotlight on space and infrastructure. The company is still working through past losses and relies on external borrowing. Analysts currently project an earnings improvement over the next few years as Tektronix test platforms and PacSci EMC defense products gain traction. Recent buyback activity, a dividend and raised 2026 revenue guidance indicate that management is leaning into this momentum, even as governance is still bedding in with a fresh board and new leadership team. The key question is whether that mix of growth exposure and execution risk fits your own tolerance for volatility and timing.

Ralliant’s exposure to AI, grid reliability and defense is gaining attention, but the real story may sit in how analysts see earnings evolving. Get the full picture with the analyst forecasts for Ralliant and what they might be missing.

BETA Technologies (BETA)

Overview: BETA Technologies designs and builds electric aircraft, propulsion systems, and charging networks for cargo, medical, defense and passenger aviation, aiming to replace short haul conventional flights with electric and hybrid aircraft.

Operations: BETA generates all of its US$36.2m in revenue from development and manufacturing of electric aircraft in the United States.

Market Cap: US$3.7b

BETA sits at the intersection of electric aviation, charging infrastructure and index driven capital flows, with a multibillion dollar aircraft and component backlog, recent inclusion in multiple Russell and aerospace indices, and analysts expecting very rapid revenue growth even while the company remains loss making. At the same time, funding is heavily reliant on external borrowing, losses are large, and insider selling plus high executive pay raise questions about alignment as the business scales up. For investors who are interested in a company that combines early index inclusion tailwinds, policy support for eVTOL programs and high funding and execution risk, BETA may warrant closer attention. However, the details of cash burn, backlog quality and long term economics are likely to be central to any investment decision.

Electric aviation hype, a multibillion dollar backlog and early index inclusion could be masking a very different story for BETA’s funding and future economics, as the analysis report for BETA Technologies hints before the real twist appears

Infleqtion (INFQ)

Overview: Infleqtion develops and sells quantum computing, sensing and timing systems using neutral atom technology for customers across defense, national security, space, energy, finance and telecom. Its solutions are designed to help tackle problems such as secure timing, GPS-free navigation and advanced computing. The product range spans quantum computers, clocks, RF receivers and inertial sensors, along with quantum software and contextual machine learning tools.

Operations: Infleqtion generates about US$33.6m in revenue, all from Computer Services, with roughly US$25.2m from the United States and smaller contributions from the United Kingdom, Australia, Japan and other regions.

Market Cap: US$2.9b

Infleqtion operates at the intersection of quantum computing, national security and post-GPS timing concerns, and it is also receiving heightened attention in the context of mega IPOs and index inclusion associated with SpaceX. Revenue remains modest, and the company reported a loss of US$31.8m in 2025 with ongoing cash burn, while relying on external borrowing and operating with a relatively new management team and insider selling that some readers may view as caution flags. At the same time, revenue forecasts that sit above the wider Tech sector, recent government backing including a planned US$100m U.S. Commerce grant, and expanding UK and defense programs present a different type of long-term opportunity that some investors may not have fully considered.

Quantum revenue forecasts are racing ahead of the wider Tech sector, yet Infleqtion’s loss of US$31.8m and reliance on borrowing suggest a different story hiding under the surface, as the analyst forecasts for Infleqtion starts to reveal

The three stocks discussed here are only a starting point, and the full Index Inclusion Beneficiaries Index Inclusion Beneficiaries screener has surfaced 10 more large caps with equally compelling index and catalyst narratives that could reshape your watchlist. Use Simply Wall St to identify, filter and analyze the specific triggers that matter to you, from index eligibility and balance sheet strength to earnings profiles and capital allocation, so you can focus on the opportunities that fit your highest conviction ideas.

Take Control of Your Investment Journey

If BETA Technologies 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 The Obvious

Fresh opportunities can move from quiet build up to full breakout before most investors react. Use these curated stock lists while the momentum is under the radar for now, act now.

• Spot companies with strong cash, low leverage and resilient earnings profiles by reviewing the list of solid balance sheet and fundamentals (48 results) before the crowd catches on to their momentum.
• Track high yield opportunities that prioritize consistent payouts and balance sheet strength through the curated 8 dividend fortresses before yields drop and prices start flying.
• Position ahead of the next leg of the AI build out by scanning the focused 48 AI infrastructure stocks while these picks are still mostly under the radar.

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.