SpaceX’s plan to pour up to US$100b into a new Starship launch hub in Louisiana has suddenly made space infrastructure feel much more real for investors. A project built around thousands of potential launches and 10,000 jobs can ripple across suppliers, satellite operators and ground systems. This article explores three stocks that appear positively tied to that story so you can judge where the opportunity or risk might sit for your portfolio.

The three stocks in this article are just a starting sample, and the full screen surfaced 32 more U.S. space and satellite infrastructure companies with equally compelling narratives that are not covered here. To go deeper, head straight into the Space and Satellite Infrastructure screener to identify, compare, and analyze the highest conviction opportunities in this theme.

HawkEye 360 (HAWK)

Overview: HawkEye 360 is a U.S. space-enabled defense technology company that owns and operates a constellation of satellites to collect and analyze radio frequency signals, turning them into intelligence for defense, intelligence, and civil agencies. Its platform helps customers monitor maritime activity, track military radar and extremist communications, secure borders, and protect critical navigation signals using proprietary hardware, software, and analytics.

Operations: HawkEye 360 generates about US$167.6 million of revenue from Aerospace & Defense, with around US$96.8 million coming from the United States and US$70.8 million from international customers.

Market Cap: US$2.1b

HawkEye 360 offers exposure to a pure space-based defense business that is positioned within the current surge in launch and orbital infrastructure, including projects such as SpaceX’s planned Starbase in Louisiana that could increase activity in low Earth orbit over time. The company is scaling a proprietary RF satellite constellation and has already attracted U.S. and allied government contracts, but it is still reporting losses and relies on external borrowing to fund heavy investment. That combination of rapid scaling, a premium valuation, and dependence on long contract cycles and launch capacity means execution is important. Outcomes for investors may depend heavily on the company’s ability to meet its objectives for new clusters, analytics upgrades, and contract awards.

HawkEye 360 is racing to scale its RF constellation and turn government demand into real cash flow, yet the headline story may miss a crucial imbalance between potential rewards and hidden pressure points in the 4 key rewards and 1 important warning sign

York Space Systems (YSS)

Overview: York Space Systems is a U.S. space and defense prime that designs, builds and operates satellites and turnkey mission services, giving you direct exposure to spacecraft platforms, constellations and the software that runs them across national security and commercial markets.

Operations: York Space Systems generates about US$405 million of revenue from Space Infrastructure, all from customers in the United States.

Market Cap: US$1.3b

York Space Systems fits this space and satellite infrastructure theme because it does the heavy lifting of designing and producing the S CLASS, LX CLASS and M CLASS satellite buses that sit behind many current and planned constellations. This is exactly the kind of hardware a world of more frequent launches and larger orbital networks is likely to lean on. The company is already tied into key U.S. defense architectures and IDIQ frameworks, while also pushing into commercial constellations, so the SpaceX Starbase news simply adds attention to an area where York is already active. At the same time, it is still loss making, depends heavily on U.S. government budgets and is investing ahead of demand, which means the interest here comes with real execution and funding risk that investors should weigh carefully.

York Space Systems is racing to supply the satellite buses behind a wave of new constellations, yet many investors still treat it as just another contractor. The real story sits inside the analyst forecasts for York Space Systems

Satellogic (SATL)

Overview: Satellogic is a vertically integrated earth observation company that designs, builds and operates its own satellite constellation to sell high resolution imagery and geospatial intelligence to government and commercial customers worldwide, including climate, energy and food security monitoring as well as constellation as a service and satellite sales.

Operations: Satellogic generates about US$31.9 million of revenue from building satellite constellation activity, with reported geographic exposure primarily to Europe at US$12.2 million and Asia Pacific at US$5.4 million.

Market Cap: US$879.4 million

Satellogic provides direct exposure to the space and satellite infrastructure theme because its business model depends on owning the hardware in orbit as well as the software and AI that turn those images into subscription style intelligence products. Recent contracts with sovereign and defense customers, partnerships with AI specialists such as SynMax and SpaceKnow, and work on the Merlin constellation and Aleph Observer platform illustrate how the company is aiming to convert launch capacity and a growing satellite fleet into higher margin recurring revenue. At the same time, Satellogic is still reporting sizeable losses and relies on external funding for a capital heavy program. The key question for investors is whether the shift toward sovereign constellations and data subscriptions can scale in a way that aligns with its risk profile and valuation.

Satellogic’s efforts to convert its owned constellation and AI partnerships into recurring intelligence revenue may be further along than many investors realize. Get the fuller picture, including contract momentum and capital strain, in the analysis report for Satellogic

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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.