Satellite stocks with the potential for profitable trading merit consideration as the industry gains increased appeal in the wake of Amazon.com Inc. (NASDAQ: AMZN) announcing its agreement on April 14 to buy mobile satellite operator Globalstar (NASDAQ: GSAT) for $11.56 billion in cash and stock.
With Globalstar no longer available and Amazon unlikely to pursue the purchase of another satellite company anytime soon, it requires a fresh look at some of the promising companies in the industry that may not have near-term catalysts driving up their share prices yet. The opportunity for investors could be to identify satellite companies with potential to turn into profitable investments from future ventures in space.
My column last week featured McLean-Virginia-based Iridium Communications Inc. (NASDAQ: IRDM), satellite operator Carlsbad, California-headquartered ViaSat (NASDAQ: VSAT) and Israel’s Gilat Satellite Networks Ltd. (NASDAQ: GILT). Iridium is a global provider of LEO services using its constellation of 66 satellites. LEO consists of satellites positioned 160-2,000 km, or 100-1,242 miles above the ground, avoiding communication delays that occur in geostationary orbit (GEO), 35,000 km, or 22,000 miles, above the Earth.
But there are other candidates to consider for investors willing to stay patient. There is not immediate rush to buy any of them due to a lack of catalysts to propel their shares upward right away, but they could benefit from growing interest among investors in such stocks, especially with privately held SpaceX expected to go public as soon as this June.
Satellite Stocks with Potential for Profitable Trading: Perry’s Profitable Picks
One seasoned Wall Street trader who focuses closely on the satellite and space industry is Bryan Perry, whose Hi-Tech Trader advisory service features a Space Race Portfolio. He seized upon recent rumors about Globalstar’s expected purchase by Amazon to recommend the sale not only of Amazon’s target acquisition, but three other equity investments that rose concurrently, too.
Bryan Perry, who heads the Cash Machine investment newsletter, said he can offer investors an alternative to the general market moves that is proving to be resilient during the market’s current volatility. Perry also offers the Space Race Portfolio in his Hi-Tech Trader service that includes both stocks and options.
Bryan Perry heads Hi-Tech Trader and Cash Machine.
None of the four satellite investments in the Space Race Portfolio that Perry recommended to sell were held longer than 2 ½ months, but three finished with double-digit-percentage profits, and another one procured a 9.62% gain. Globalstar’s shares produced a 21.24% gain in 76 days. Houston-based Intuitive Machines Inc. (LUNR: LUNR) notched 26.13% in the same number of days, with ViaSat (NASDAQ: VSAT) rising 12.20% in 17 trading days. The Procure Space ETF (NASDAQ: UFO) climbed 9.62% in 31 days, but its options zoomed 71.91%. The option gains were 4.62% for Globalstar, 37.42% for Intuitive Machines and 31.41% for ViaSat.
Perry’s recommendation of Intuitive Machines Inc. traded higher after a bullish write-up by Barron’s on the space sector. For investors who may want to buy shares of stocks and funds in the industry, Perry’s Space Race Portfolio in Hi-Tech Trader is a way to do so.
Satellite Stocks with Potential for Profitable Trading: Telesat
I interviewed Daniel Goldberg, the president and chief executive officer of Telesat (NASDAQ: TSAT; TSX: TSAT), during the recent Satellite 2026 Conference in Washington, D.C., and heard him tell me that the industry overall is positioned to benefit if privately held SpaceX is able to successfully complete an initial public offering (IPO). Such a large satellite company going public should aid the entire industry by raising the visibility of what satellite and space companies do, Goldberg added.
“It will mean there is a whole new investor base interested in space companies,” Goldberg said.
If SpaceX trades at the multiples that are expected, it should cause investors to think they can gain exposure to an “exciting and fast-growing” sector, Goldberg continued.
“My expectation is that it will be a really good thing for the whole, publicly traded space ecosystem,” Goldberg told me. “I am excited to see [SpaceX] going public, if that is indeed what happens, and we hope they have a great reception in the market.”
Paul Dykewicz interviews Telesat’s President and CEO Dan Goldberg.
Telesat is planning to transform its current satellite services provided in geostationary orbit (GEO), 35,000 km, or 22,000 miles, into a multi-orbit services provider by developing and putting into orbit a low-Earth orbit (LEO) constellation to offer communication services to the military, other government agencies, businesses, non-profits and others. Even though Telesat is not expected to have its LEO constellation ready to provide services until December 2027, it recently signed a multi-year contract with Northwestel, the largest communications provider in northern Canada. The deal will give Telesat a customer for its Lightspeed Low Earth Orbit (LEO) services.
Northwestel intends to leverage the advanced LEO network to deliver low latency and sovereign broadband connectivity to communities across Northern Canada. By using some of the Canadian government’s Telesat Lightspeed capacity pool, Northwestel plans to provide high speed broadband, offering at least 50 Mbps download and 10 Mbps upload speeds as well as unlimited monthly usage.
Chart courtesy of www.stockcharts.com.
Satellite Stocks with Potential for Profitable Trading: NextNav
NextNav Inc. (NASDAQ: NN) is a provider of next-generation positioning, navigation and timing (PNT) services using its terrestrial spectrum. The company has a current market capitalization of approximately $2.19 billion. The stock has a 52-week range of $10.84 to $19.91 and has performed strongly, with a 1-year return of 27.71% and a 3-year return of 680.20%.
The company also is the developer of a 3D geolocation service known as Metropolitan Beacon System, a wide-area location and timing technology designed to provide services in areas where GPS or other satellite location signals cannot be reliably received.
Timothy Horan, of the Oppenheimer investment firm, is following the company’s progress.
Chart courtesy of www.stockcharts.com.
Satellite Stocks with Potential for Profitable Trading: LUNR
LUNR announced the acquisition of Lanteris late in 2025 to position itself as a space prime contractor ahead of expected large national security opportunities like Golden Dome. However, the level of synergies and ease of integration remain to be fully achieved.
LUNR is a space infrastructure and services company, founded in 2013, focused on lunar access and exploration. As a major NASA contractor, it specializes in delivering payloads to the moon, data transmission and developing technologies like Nova-C lunar landers, orbital services and the lunar data network.
With the successful Artemis II mission just completed, further opportunities could be on the horizon for Intuitive Machines.
Chart courtesy of www.stockcharts.com.
Risk and Reward
Despite the intense criticism President Trump has received along with Israeli leaders for pursuing military attack as Iran’s leaders refuse to stop enriching uranium that could be used to develop nuclear weapons to attack whatever countries its leaders choose, Hugh Grossman, the leader of the DayTradeSPY options trading room, said the conflict started with the “1979 Islamic Revolution.”
“The central, state-sanctioned change followed the November 4, 1979, seizure of the U.S. Embassy in Tehran and the subsequent 444-day hostage crisis, symbolizing opposition to U.S. policies,” Grossman said. “In chanting ‘Death to America,’ perhaps President Jimmy Carter should have finished off the conflict at that time, but Americans, being the patient society we are, graciously kicked the problem down the road. Decades later, Iran has developed — ironically with the financial, military and technological help from America — the means to seriously threaten us.”
Those threats increase market volatility. Grossman and his partner Jon Johnson have an options trading success rate with the State Street SPDR S&P 500 ETF Trust (NYSE: SPY) of more than 83%. Grossman describes the DayTrade SPY options trading room he and Johnson lead as an alternative to the vagaries of stocks.
Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz.
