Theme
Space
Launch, satellite comms, earth observation.
0.398avg corr (252d)
6stocks
Weak co-movementStocks · key Fib levels
- BKSY$21.33last$29.00fib−26.4%vs fibanchored by National Reconnaissance Office (NRO) · National Geospatial-Intelligence Agency (NGA) · US Army · Indonesia Ministry of Defence · US Air Force
- 2024 - NRO EOCL (Electro-Optical Commercial Layer): 10-year framework contract, one of 3 awarded vendors alongside $MAXR and $PL
- 2024 - NGA Luno A: Analytic services contract via Spectra AI, multi-year
- 2023 - Indonesia Ministry of Defence: $50M+ satellite + ground-system deal (BlackSky Geospatial Solutions segment)
- 2024 - Rocket Lab ($RKLB) launch services: Multi-launch contract for Gen-3 Pelican constellation deployment
- Ongoing - US Army TITAN program support contracts for tactical ground station intelligence integration
- PL$12.55last$36.00fib−65.1%vs fibanchored by NRO · NGA · German Federal Government (BKG) · undisclosed NATO ally · Bayer / Corteva (ag analytics resellers)
- 2026-Q1: Expanded NATO-ally defense contract, multi-year, eight-figure ACV (undisclosed counterparty)
- 2025: $230M seven-year Pelican-tasking + Dove-archive deal with an Asia-Pacific government customer
- 2024: NRO (National Reconnaissance Office) Electro-Optical Commercial Layer (EOCL) Tier-2 award
- 2024: NGA (National Geospatial-Intelligence Agency) Luno-A indefinite-delivery vehicle
- 2023: Multi-year German government Earth-observation contract via BKG
- Ongoing: AI/ML data-licensing pilots with frontier-model labs (undisclosed)
- RKLB$53.07last$75.80fib−30.0%vs fibanchored by US Space Force · NASA · Space Development Agency · Globalstar · BlackSky · Synspective
- 2025 - US Space Force NSSL Phase 3 Lane 1 - selected alongside $SPX, Blue Origin, ULA for national security launches; Neutron-conditional but validates DoD customer interest
- 2024 - ESCAPADE (NASA Mars mission) - two spacecraft built + launched on Blue Origin New Glenn; Space Systems credibility win
- 2024 - Space Development Agency Tranche 2 - $515M contract for 18 satellite buses; multi-year recurring revenue
- 2024 - Globalstar constellation - $515M deal to build 17 satellites + ground systems (Apple-backed program)
- 2023+ - recurring Electron manifest - Synspective, BlackSky, HawkEye 360, Capella Space - small-sat operators using Electron as primary ride
- 2025 - Neutron first flight target slipped to mid-2026 - Archimedes engine hot-fire ongoing at Stennis
- SATL$3.48last$7.00fib−50.3%vs fibanchored by US Department of Defense · NGA (National Geospatial-Intelligence Agency) · Saudi TAQNIA Space · Unnamed NATO intelligence agencies · Agricultural analytics partners (undisclosed)
- 2023 - Multi-year contract with US Space Development Agency (SDA) for tasked sub-meter imagery; one of the first commercial EO vendors on the SDA approved list
- 2022 - Announced strategic partnership with VanEck for satellite data products (non-exclusive)
- 2022 - Partnership with Saudi Arabia's TAQNIA Space for regional EO distribution
- 2021-2023 - Series of contracts with unnamed NATO-aligned intelligence customers for Ukraine-theater wide-area monitoring (referenced in earnings calls without disclosure of counterparty)
- 2021 - Merger with CF Acquisition Corp (SPAC) at ~$850M pro forma enterprise value; raised ~$236M gross proceeds
- SIVEkr16.20last- fib
Ka-band beamforming ICs for LEO / MEO / GEO satcom terminals; pulled into a US defense prime via the York Space Systems / ALL.SPACE acquisition.
anchored by ALL.SPACE / York Space Systems (satcom + defense) · NVIDIA (DRIVE Hyperion LiDAR) · GlobalFoundries (silicon-photonics foundry partner) · O-Net + Enablence (co-packaged-optics light-source partners) · Tier-1 European telecom OEM (5G mmWave) · LEO satellite terminal OEMs- LEO satellite terminal design wins - Sivers has disclosed engagements with multiple LEO ground-terminal makers for 60 GHz and Ka-band phased-array antenna modules targeting constellation broadband programs
- 5G mmWave infrastructure - beamforming IC supply agreements with radio unit manufacturers serving Tier-1 telecom operators deploying 28 GHz urban small cells
- Automotive radar modules - 77/79 GHz front-end IC development agreements with automotive radar module suppliers for ADAS and Level 2+ driver-assistance systems
- Silicon photonics co-development - Sivers Photonics unit engaged in co-packaged optics R&D partnerships targeting hyperscaler datacenter interconnect applications
- EU research grants - repeated participation in Horizon Europe and Vinnova-funded projects for 6G and next-generation radar, validating IP but not yet generating material product revenue
- 2026-06-09 : ALL.SPACE $8.2M order - production order for 2027 multi-beam Ka-band beamforming ICs (multi-orbit LEO / MEO / GEO satcom); ALL.SPACE serves US Army / Navy and runs trials across Telesat / SES / Viasat networks
- York Space Systems (NYSE: YSS) acquiring ALL.SPACE - pulls Sivers BFICs into a US defense prime supply chain (the design-in compounds beyond the single PO)
- 2026-06 : GlobalFoundries silicon-photonics collaboration - co-packaged optics (CPO), linear pluggable optics (LPO), and datacenter-interconnect architectures for AI infrastructure
- 2026-03 : O-Net + Enablence external light source - laser-array light-source modules supporting the CPO roll-out in AI datacenters and HPC systems
- NVIDIA DRIVE Hyperion LiDAR - Sivers wireless content designed into the autonomous-driving sensor stack
- SPCX$134.27last- fib
Pure-play on space: reusable launch (Falcon / Starship) plus Starlink LEO broadband. The defining name of the public space theme.
anchored by NASA · US Space Force / Department of Defense · commercial satellite operators · Starlink consumer + enterprise + government- 2026-05-20 : SEC S-1 filed (reg 333-296070, CIK 1181412); S-1/A on 2026-06-01
- 2026-06-04 : IPO roadshow begins
- 2026-06-11 : IPO prices (expected)
- 2026-06-12 : Nasdaq debut (expected), ticker SPCX
- Terms : 555.6M Class A shares at a fixed $135.00; ~$75B raised at a ~$1.77T valuation : the largest IPO in history (>3x Alibaba)
- Listing : Nasdaq + Nasdaq Texas, Class A common (dual-class structure, Musk super-voting)
- Business : Falcon 9 / Falcon Heavy reusable launch; Starlink LEO broadband (millions of subscribers); Starship in development
- Customers : NASA, US Space Force / DoD, commercial satellite operators, Starlink consumer + enterprise + government
Co-movement matrix (252d)
BKSY | PL | RKLB | SATL | SIVE | SPCX | |
|---|---|---|---|---|---|---|
| BKSY | · | 0.65 | 0.71 | 0.62 | 0.14 | 0.13 |
| PL | 0.65 | · | 0.68 | 0.59 | 0.12 | 0.24 |
| RKLB | 0.71 | 0.68 | · | 0.60 | 0.21 | 0.39 |
| SATL | 0.62 | 0.59 | 0.60 | · | 0.20 | 0.29 |
| SIVE | 0.14 | 0.12 | 0.21 | 0.20 | · | 0.38 |
| SPCX | 0.13 | 0.24 | 0.39 | 0.29 | 0.38 | · |
Related research
- 7 min readHow to invest in xAI (Grok) - now a SpaceX subsidiary, so the answer is SPCX, TSLA, NVDA
- 8 min readAfter SpaceX: the 2026 IPO pipeline, ranked by what's actually filed
- 8 min readSpaceX IPO (SPCX): the $1.77T listing, what you're buying, and the space cohort
- 7 min readHow to invest in the SpaceX IPO (SPCX), and what to buy if you can't get in
Frequently asked questions
- What are the top stocks in the Space theme?
- QuantAbundance's Space theme tracks 6 stocks ranked editorially: BKSY, PL, RKLB, SATL, SIVE, SPCX.
- Do Space stocks move together?
- The Space theme has a 252-day average correlation of 0.40 across its members - weak co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.
