Top 3 Space Stocks To Watch In October 2026

Space is becoming a lot more real for investors as well as astronauts. The recent decision by the White House to restrict Ukraine’s access to SpaceX’s Starshield system shows how critical orbital networks have become for defence, communication, and geopolitics. That kind of reliance creates a long runway for listed contractors and satellite specialists. This article breaks down three stocks from our global space infrastructure screen that may warrant a closer look.

These three stocks are just a sample of what sits inside the global space race theme, with the full screen surfacing 57 more listed contractors, manufacturers, and satellite players that carry equally interesting narratives but do not fit into a single article.

If you want to identify potential front runners in this orbital build out and analyze how they compare on fundamentals, risk, and valuation, head straight to the Global Space Race Stocks screener.

Bet Shemesh Engines Holdings (1997) (TASE:BSEN)

Overview: Bet Shemesh Engines Holdings (1997) produces precision gas turbine and jet engine components and provides overhaul and engineering services for civilian and military aviation customers worldwide.

Operations: The business generates about $199 million from manufacturing engine parts and $159 million from complete engines, with minor unallocated adjustments.

Market Cap: ₪7.1b

Bet Shemesh Engines Holdings (1997) participates in the space sector through its precision turbine disks, blades, and hot section components that propulsion suppliers and defence primes can adapt for launch systems. Its current earnings profile, margins, and P/E multiple indicate how the market is valuing this aerospace and space-adjacent niche, with contract structure and pricing power likely to be key variables for investors to monitor.

With those earnings, margins, and P/E in mind, review the DCF valuation analysis for Bet Shemesh Engines Holdings (1997) to see whether contract strength is already reflected in expectations or still underappreciated.

Lockheed Martin (LMT)

Overview: Lockheed Martin builds military aircraft, missiles, rotorcraft, and space systems, with its Space segment focused on satellites and national security programs.

Operations: The group earns about US$13.8b from Space and US$31.2b from Aeronautics, within roughly US$68.2b of segment revenue before eliminations.

Market Cap: US$120.5b

Lockheed Martin matters for the Global Space Race Stocks theme because its Space division supplies satellites, space transportation, and national-security infrastructure that directly shape how governments operate in orbit.

"Lockheed Martin is moving munitions like PAC-3, THAAD, PrSM and JATM onto seven year framework agreements that aim to triple or quadruple production and allow the company to retain a larger share of cost savings from capacity investments such as robotics in Camden, which can support higher future revenue and structurally stronger net margins."

What happens to those future margins depends heavily on how one unseen pressure in its long-cycle defense and space contracts ultimately resolves.

That contract pressure is exactly what full narrative for Lockheed Martin unpacks, showing where long cycle risks could be masking upside in Lockheed Martin’s space and defense story.

Montana Aerospace (SWX:AERO)

Overview: Montana Aerospace designs and manufactures high precision titanium and aluminum aerostructure components and assemblies for aircraft and space hardware programs.

Market Cap: CHF1.5b

For the Global Space Race Stocks theme, Montana Aerospace matters as one of the industrial suppliers turning raw metal into flight ready structures that space and aerospace primes rely on for rockets, spacecraft, and next generation narrowbody jets.

"Ongoing supply chain fragility, including fastener shortages and mixed demand signals across extrusion, machining and assembly, may force Montana Aerospace either to carry higher trade working capital or accept lower throughput in some assets. This may constrain net margin expansion and free cash flow."

What happens if one key assumption around how quickly Montana Aerospace fills that installed capacity shifts just a little in either direction?

If that capacity question is on your mind, read the full narrative for Montana Aerospace to see how Montana Aerospace’s expansion plans could turn current constraints into accelerating upside.

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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.

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