SpaceX’s planned IPO at a suggested $135 a share and a target valuation of $1.75 trillion is turning space and space-enabled technology into one of the loudest stories in global markets. A proposed $75 billion fundraise, recent losses, and significant debt are all in the mix, alongside big expectations around AI, space-based internet, and data centres. For investors, that sort of headline shift can quickly change how related stocks are priced and perceived. This article walks through 3 stocks exposed to this news and why the same catalyst could matter for your portfolio decisions.

AIRO Group Holdings (AIRO)

Overview: AIRO Group Holdings is an aerospace and defense company that sells drones, avionics, pilot training services and electric air mobility solutions to government and commercial customers in the United States, Europe and other regions.

Operations: AIRO Group Holdings generates most of its US$88.0 million revenue from Drones at about US$77.1 million, with smaller contributions from Avionics at about US$6.4 million and Training at about US$4.5 million, and most sales coming from Europe at about US$75.8 million.

Market Cap: US$239.0 million

AIRO Group Holdings sits at the intersection of defense drones, avionics and electric air mobility. This ties it closely to the same surge in interest around space-based infrastructure that is lifting attention on the SpaceX IPO. The company reports US$200 million in bookings in progress, a growing ISR drone portfolio and a new Jaunt cargo eVTOL concept. It is still loss making, reliant on external funding and has seen recent index removals and insider selling, so execution and financing remain key risks. For investors, the mix of growth ambitions, valuation signals and balance sheet pressure raises an important question about how much of AIRO’s potential is already priced in and what the downside might look like if expectations reset.

AIRO Group Holdings’ mix of ISR drones, eVTOL ambitions and heavy reliance on external funding makes the story feel incomplete, and the real tension only comes into focus once you read the 3 key rewards and 3 important warning signs

Maritime Launch Services (NEOE:MAXQ)

Overview: Maritime Launch Services operates Spaceport Nova Scotia in Canada, aiming to offer commercial launch services that send small and medium satellites into low Earth orbit, and it also collaborates with partners such as T-Minus Engineering on suborbital launch operations.

Market Cap: CA$353.5 million

Maritime Launch Services sits in the path of the attention SpaceX is drawing to commercial launch and satellite infrastructure, but at a very different scale. The stock appears heavily undervalued against one estimate of fair value and analysts see meaningful upside. However, current revenue is still under CA$1 million and the company remains loss making with declining earnings. Recent Barracuda suborbital tests and the letter of intent with Isar Aerospace highlight progress on launch capability, but also underline execution and funding risk in a business that relies on higher-risk financing and has issued new shares. For investors, the tension between high forecast growth and these balance sheet and governance questions is a key consideration.

Maritime Launch Services is drawing attention for its growth potential, while current revenue and losses leave big questions unanswered. The real hinge point only comes into focus in the 3 key rewards and 4 important warning signs (3 are major!)

KVH Industries (KVHI)

Overview: KVH Industries provides satellite based internet, voice and content services for ships and land vehicles, combining its own hardware and software with managed connectivity solutions for customers around the world.

Operations: KVH Industries generates about US$117.9 million in revenue from Mobile Connectivity services and equipment, with sales spread across the United States, Singapore and other international markets.

Market Cap: US$177.2 million

KVH Industries sits in the slipstream of the SpaceX IPO story because its satellite communication systems and services are tied to the same push toward space enabled internet, including Starlink terminals and airtime. The company has moved from losses to a reported Q1 2026 net income of US$0.588 million, with revenue at US$32.32 million. At the same time, KVH is still working through funding risk from higher risk borrowing and a history of losses, which means the key question for investors is how this improving profitability, index inclusion and satellite exposure compare with those balance sheet and pricing pressures.

KVH Industries’ shift from losses to profit could be masking a bigger story in its satellite exposure and higher risk borrowing. The full picture only really comes together in the analysis report for KVH Industries.

The three stocks in this article are only a starting point. The full Space and Space-Enabled Technology Stocks screener uncovers 40 more companies with equally compelling space, launch and satellite communications narratives that you have not seen yet. Use Simply Wall St to identify and analyze the specific catalysts, balance sheet traits and valuation signals that matter to you so you can focus on the highest conviction space and space enabled technology ideas.

Take Control of Your Investment Journey

If AIRO Group Holdings 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.

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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.