3 Strong Buy Stocks to Ride the SpaceX IPO Wave

In case you missed the news, SpaceX is set to make history this week with the largest IPO ever. While all eyes are on the SpaceX stock itself, it's also a great time to look at other opportunities as the IPO brings a lot of new excitement to the space industry. And that is exactly what we're doing today. So, let's get into it. All right, guys. Welcome back. Thank you all so much for being here. Now, when a company the size of SpaceX goes public, it doesn't just create one stock. It lifts an entire sector. And in the case of SpaceX, we're not just talking rockets. We are talking lunar exploration, satellite data, communications infrastructure, and the future of global connectivity. So, today we're diving into three strong buy stocks that are set to benefit from the rising tide of the SpaceX IPO. You can follow along with these stocks on the TipRanks website or right on the TipRanks mobile app, which you can download in the description down below. And if you enjoy today's video, make sure you hit that thumbs up button and that you're subscribed to the channel. Now, let's dive right in. For our first stock, we're taking a look at Intuitive Machines. They trade under the ticker LUNR, currently priced at $26.79. The stock has had a big year, climbing 144% but has had a sharp correction recently, dropping 35% in just the past 5 days. If SpaceX is helping humanity get to space, Intuitive Machines is building what comes next. The company develops lunar landers, communications networks, navigation systems, and other infrastructure designed to support long-term activity on and around the moon. They become one of NASA's key commercial partners and are positioning themselves at the center of the Artemis Lunar Program. And there are real operational ties here as well. Several Intuitive Machines missions launch aboard SpaceX rockets, meaning the company is already deeply integrated into the broader SpaceX ecosystem. The IPO could also shine a spotlight on a part of the space economy that many investors haven't fully appreciated yet, the lunar economy. Now, let's talk fundamentals because those have been moving in the right direction, too. While the company has had a consistent string of bigger losses per share than expected, in their most recent quarter, they did come out with nearly 187 million dollars of revenue, which was a record and roughly tripled year over year. The company also generated positive adjusted EBITDA and ended the quarter with a record backlog of approximately 1.1 billion anchored by a 6.24 billion Space Force contract. Full-year revenue guidance sits at approximately 950 million. When we look at what Wall Street analysts have to say, just a couple of weeks ago, a four and a half-star analyst from Clear Street reiterated Intuitive Machines as one of their top picks. They noted the stock's recent decline after NASA announced a partial lunar terrain vehicle award to two competing vendors. But despite the setback, Intuitive remains the analyst's top pick for 2026 amid accelerating industry focus on lunar infrastructure, and the firm views the sell-off as one that presents an attractive entry point. With nine current analyst ratings, the stock does come in as a strong buy with eight buys and one hold. Their average price target of $42 implies an upside potential of over 57% that we do have a wide range between high and low price targets. Looking below, the low end does have a slight downside at 0.1%, while the more recent ratings have upsides as high as 177%. Our second stock on the list is Planet Labs. They trade under the ticker PL, currently priced above $31 per share. They've also had a tremendous year climbing 474% but also had a pullback recently dropping 35% in the past 5 days. While SpaceX launches satellites, Planet Labs focuses on what happens once they're in orbit. The company operates one of the world's largest Earth observation satellites constellations capturing daily imagery of the planet and selling that data to governments, defense agencies, intelligence organizations, and commercial customers around the world. In many ways, Planet represents the data layer of the space economy. And unlike some of the more speculative space names, Planet Labs already has a growing base of recurring government and defense customers. And what's particularly interesting is that they already have an operating relationship with SpaceX. Its Pelican satellites are launched aboard Falcon 9 rockets, giving Planet access to one of the most reliable and cost-effective launch platforms in history. And as SpaceX scales its launch cadence post-IPO, Planet Labs gets cheaper and more frequent access to orbit, providing a real cost and growth tailwind. On the earnings side, momentum remains strong. On June 4th, they reported a slightly lower loss per share than anticipated while also coming out with record revenue of $94 million, which grew 42% year-over-year. Their remaining performance obligations, essentially their forward revenue backlog, recently surpassed $800 million while total backlog exceeded $900 million, reflecting strong and accelerating demand from government and defense customers including the NGA, NRO, NASA, and the US Navy. And we have a well-known five-star analyst covering the stock. That is Dan Ives at Wedbush. Just last week, he reiterated his buy rating and back in May said that they believe the company will continue to demonstrate accelerating execution across the defense and intelligence vertical, expanding next-gen satellite infrastructure, and a rapidly maturing AI commercial flywheel. The company continues to sit in the intersection of space and AI as the company further expands the largest commercial satellite fleet in the world with deeply embedded government customers, an accelerating European pipeline, and a differentiated foundation for real-world AI model training. The Planet Labs stock does come in as a strong buy with 10 current analyst ratings breaking down to eight buys and two holds. Their average price target is $42.30 implying an upside potential of 36% Looking at those recent ratings down below, on the low end we do have a hold rating with a downside of 35% while on the high end we have a couple price targets with an upside of over list might surprise you, but hear me out. We're taking a look at T-Mobile. They trade under the ticker TMUS, currently priced at nearly $184 per share. Their stock is in the red this past year dropping over 22% falling nearly 16% in the last 3 months. Of course, T-Mobile is not usually considered when thinking about space stocks, but they might have one of the most direct commercial relationships with SpaceX out of the publicly traded companies. T-Mobile is the flagship partner for Starlink direct-to-cell. The goal is simple but potentially revolutionary. Allow ordinary smartphones to connect directly to satellites when traditional cell coverage isn't available. The partnership has already progressed from concept to commercial deployment with T-Mobile rolling out satellite-enabled services and expanding offerings tied to the Starlink network. The tech could dramatically improve connectivity in rural areas, eliminate coverage gaps, and provide communications during emergencies and natural disasters. This SpaceX IPO could put a lot more focus on Starlink's long-term growth potential. And investors could start paying more attention to T-Mobile's role in that ecosystem. Meanwhile, their core business remains strong. In their last quarter, they came in 26 cents ahead of expectations on earnings and revenue of 23.1 beat estimates. They reported accelerating post-paid account growth, industry-leading service revenue growth, and strong EBITDA and cash flow performance. The company also raised portions of its full-year outlook. And hearing from Wall Street, we have an analyst at UBS who increased their price target a few weeks ago. They noted the company delivering double-digit growth in both service revenue and EBITDA in their latest quarter, significantly surpassing prior guidance. The company's also generating substantial free cash flow that supports large-scale share repurchases and dividends. They see further upside, raising their price target up to $300 to reflect the favorable risk-reward profile. The T-Mobile stock has 20 current analyst ratings, coming in as a strong buy with 17 buys and three holds. The average price target is $255, implying an upside of over 38%. Looking at those recent ratings down below, all of them have double-digit upside potential, ranging from a hold with an upside of over 19% to a buy rating with an upside of over 54%. So, that is a quick look at three strong buy stocks that could stand to benefit from SpaceX. Now, to be clear, none of these companies are suddenly going to jump in profitability just because SpaceX went public, but an IPO brings a lot of attention to certain sectors, and a rising tide can lift all ships. So, let me know your thoughts on these companies and what other SpaceX stocks have you excited, plus how you're going to play the SpaceX IPO. I always love hearing from you guys. Keep in mind these videos are never a suggestion to buy or sell any specific stock, and make sure you always do your own research and due diligence. Thanks so much for watching. Have an awesome day, and I'll see you back here next time.