The SpaceX IPO is pulling huge attention, with a US$75b raise and a US$1.77t debut valuation that is set to feed into major indices and index-tracking funds. That kind of spotlight can ripple across aerospace and space technology stocks that already sit on public markets, changing how investors think about everything from satellite businesses to launch suppliers. For investors, the question is which stocks might benefit from this surge in interest and passive buying flows. Below, we look at 3 stocks from our Aerospace and Space Technology screener that appear closely exposed to this news-driven setup.

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.

TTM Technologies (TTMI)

Overview: TTM Technologies designs and manufactures high performance printed circuit boards, RF components, microwave assemblies, and mission systems that sit inside everything from commercial electronics to aerospace, defense, and satellite platforms for customers across the US, Taiwan, and other international markets.

Operations: TTM generates US$1.75b from Commercial and US$1.33b from Aerospace & Defense operations (plus a small segment adjustment and intersegment eliminations), with revenue mainly sourced from the United States at US$1.61b, alongside US$293.9m from Taiwan and US$1.2b from other regions.

Market Cap: US$19.44b

Investors looking for exposure to the SpaceX driven boom in aerospace and satellite electronics may find TTM Technologies worth a closer look, because it supplies critical PCBs and RF systems into both commercial and defense programs, backed by an A&D backlog of US$1.46b and demand linked to AI and cloud data centers. The company has moved from lower margin commodity PCBs toward higher value engineered solutions, with recent earnings and revenue growth outpacing the broader US market. However, this comes with a rich P/E and heavy capital spending on new US and Malaysian facilities that must be filled to justify the outlay. Customer concentration and geopolitical exposure to China also mean this is not a low risk story.

High margin aerospace and AI demand could be masking the real trade off in TTM Technologies, and the full 2 key rewards and 1 important warning sign might change how you view that rich P/E and new capacity build out

Meggitt (LSE:MGGT)

Overview: Meggitt is a UK based engineering company that builds many of the critical systems inside aircraft, defense platforms, and energy equipment, from brakes, sensors, and ice protection to fuel systems, fire protection, and complex thermal management, along with long term aftermarket support.

Market Cap: £6.25b

Meggitt gives you exposure to core aerospace and defense hardware at a time when enthusiasm around space and advanced aviation is drawing more attention to key component suppliers. Forecast earnings growth is described as strong and management points to solid order intake, a healthy backlog and improving civil aviation demand. At the same time, current net margins are thin, returns on equity are low and past earnings have come under pressure from one off hits and funding choices. The stock screens as expensive on some valuation ratios even though it sits below one estimate of fair value. This makes it important to understand what is driving that gap. How you weigh that growth outlook against profitability, leverage and governance is where the real opportunity or risk may sit for this stock.

Accelerating aerospace enthusiasm with thin margins and low returns makes Meggitt a puzzle, and the full 2 key rewards and 2 important warning signs could reveal what the valuation gap is really pointing to and why that might matter next

Xometry (XMTR)

Overview: Xometry runs an AI powered online marketplace that connects buyers who need custom manufactured parts with a global network of suppliers. It offers instant pricing, lead times, and access to processes such as CNC machining, 3D printing, injection molding, and rapid prototyping across sectors from aerospace and defense to medical devices and robotics.

Operations: Xometry generates about US$740.8m in revenue from Internet Software & Services, with around US$618.2m from the U.S. and US$122.6m from international markets.

Market Cap: US$4.85b

Xometry operates at the intersection of AI driven digital manufacturing and real economy demand, using its platform to match aerospace and satellite customers with manufacturers for rapid prototyping and production. The core marketplace is growing, but the company is still reporting losses and funding investments in AI, international expansion, and products like Workcenter and Teamspace. This introduces execution and balance sheet risk. Forecast revenue and earnings growth expectations are high and the stock price already reflects an optimistic view of the future, as indicated by valuation metrics and recent capital raises. If the platform continues to deepen relationships with large industrial and aerospace customers while progressing toward profitability, the impact of this digital manufacturing model could be more significant than current headline numbers alone indicate.

Xometry’s AI marketplace story is accelerating, but the real tension is between growth hopes and the path to profits, and the detailed analyst forecasts for Xometry might show what the market is quietly pricing in next.

The three stocks in this article are just a starting point, and the full Aerospace and Space Technology Stocks screener surfaces 23 more companies with equally compelling aerospace and space technology stories that could sit right in the slipstream of the SpaceX IPO attention shift. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you so you can focus on the highest conviction ideas in this sector.

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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.