<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>Space stocks are receiving more attention ahead of the SpaceX IPO. </li><li>HawkEye 360, York Space Systems, and MDA Space all went public this year. </li><li>Canada-based MDA Space is profitable and has operated the longest. </li><li>10 stocks we like better than Mda Space ›</li></ul>The biggest space stock initial public offering (IPO) of the year, in terms of both the amount expected to be raised and the attention it will ultimately receive, will be the SpaceX IPO. Still, that doesn't mean there aren't other opportunities out there.Outside of the SpaceX IPO, HawkEye 360 (NYSE: HAWK) and York Space Systems (NYSE: YSS) went public this year, and MDA Space (NYSE: MDA) also completed a U.S. IPO, with the Canadian company now having its shares trade on both the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX).Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue »In order of the most appealing investable opportunities, here's how I rank them.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDkwOC9nZXR0eWltYWdlcy0xNjAzMDY3NDItMTIwMHg5MDAtZTMzOWE3Mi5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="525" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDkwOC9nZXR0eWltYWdlcy0xNjAzMDY3NDItMTIwMHg5MDAtZTMzOWE3Mi5qcGcmdz03MDA"/>Image source: Getty Images. <h2>1. MDA Space</h2>MDA Space has the longest operating history of any company on this list, having been founded in 1969. Its business is split among three main segments: satellite systems, robotics and space exploration, and geointelligence.With its finances reported in Canadian dollars, it has a head start on many other companies just going public, with revenue hitting a record for the company in 2025 at CA$1.6 billion. It's also a profitable company, reporting CA$108.5 million in net income in 2025.Although it's been publicly traded on the TSX, its U.S. IPO launch on the NYSE can give it more investor exposure. As a profitable company with a long operating history, among the three companies, MDA Space is where I would start my space stock research.<h2>2. HawkEye 360</h2>HawkEye was founded in 2015 and has over 30 satellites in operation that detect and characterize radar, navigation, and communication signals, largely for government entities. As mentioned, the company's revenue is primarily concentrated on government contracts, with U.S. customers accounting for 61% of sales for 2025.The company squeezed out a small profit in 2025, reporting net income of $2.7 million. The opportunities ahead look bigger, however, as HawkEye has a backlog of about $320 million and believes its total addressable market (TAM) offers even greater revenue potential. HawkEye expects its TAM for the global RF spectrum exploitation market to reach $34 billion by 2030.In the short term, to see progress after the IPO, potential investors will want to keep tabs on new contracts and satellite fleet expansion. But in the long term, the need for space-based signals intelligence is only going to increase, and HawkEye could be a leader. It also has a stronger moat through its data and proprietary algorithms.<h2>3. York Space Systems</h2>York Space Systems was founded in 2012 and designs spacecraft platforms and satellites, with a focus on delivering products quickly and at lower cost for commercial and government clients. York has completed 74 missions since its founding.The company has been on a steady acquisition spree, acquiring Orbion Space Technology in March, a company developing propulsion systems for small satellites. It also announced an agreement to acquire ALL.SPACE, a provider of advanced satellite communications terminals.In terms of revenue, York generated $386 million in 2025, a 52% increase from 2024. It also converted $319 million of its backlog into revenue in 2025, leaving the company with a backlog of $543 million to start 2026.This could be a long-term investment worth considering, but I have MDA Space listed as my top pick because of its operational history and profitability. HawkEye is in second place because it's more in the software business, which tends to offer higher margins than hardware-focused companies, like York.<h2>Should you buy stock in Mda Space right now?</h2> Before you buy stock in Mda Space, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Mda Space wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $477,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,320,088!* Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 208% for the S&amp;P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 23, 2026. Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MDA Space. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

HAWK

Three space companies, MDA Space, HawkEye 360, and York Space Systems, recently went public. MDA Space, founded in 1969, is ranked highest due to its profitability and long operating history, reporting CA$1.6 billion in revenue for 2025. HawkEye 360, established in 2015, focuses on government contracts and has a significant backlog, while York Space Systems, founded in 2012, emphasizes rapid product delivery and has a growing revenue stream. The upcoming SpaceX IPO is expected to overshadow these companies, but they present unique investment opportunities.

3 Space Companies Recently Went Public -- This Is How I'd Rank Them