What are the top stocks in the Space / Sat Comms bubble?

QuantAbundancia maps 8 primary stocks to the Space / Sat Comms bubble: RKLB, ASTS, LUNR, KTOS, PL, BKSY, IRDM, SPIR.

What ETFs carry the Space / Sat Comms thesis?

2 ETFs on QuantAbundancia carry the Space / Sat Comms thesis: UFO (primary), ARKX.

How correlated are Space / Sat Comms stocks?

The Space / Sat Comms bubble's primary members co-move with a 252-day average correlation of 0.44 across 28 pairs — weak co-movement.

← all bubbles

Space / Sat Comms

Edge compute, global data pipes, earth observation — orbital layer of AI.

0.436avg corr (252d)

0.13 / 0.68min / max

28pairs

8primary stocks

2etfs

Weak co-movement

Stocks

RKLBRocket Lab USA, Inc.
Electron + Neutron launch.
$122.84
$76fib+62%
ASTSAST SpaceMobile, Inc.
Sat-to-phone BlueBird constellation.
$82.66
$66fib+25%
LUNRIntuitive Machines, Inc.
Lunar landers + cislunar infrastructure.
$33.76
KTOSKratos Defense & Security Solutions
Kratos Defense ??? space + defense (sat comms / drones).
$51.98
$50fib+4%
PLPlanet Labs PBC
Daily earth-observation satellite constellation.
$41.80
$36fib+16%
BKSYBlackSky Technology Inc.
Real-time earth imaging — defense + intel exposure.
$39.19
$29fib+35%
IRDMIridium Communications Inc.
Established sat comms, IoT.
$41.45
SPIRSpire Global, Inc.
RF + weather sat constellation, data-as-a-service.
$19.97
Adjacent (secondary)
AVAVAeroVironment, Inc.
Classifier 2026-05-07: primary tier, corr 0.62 to space centroid (29 obs, 2nd: nuclear-smr 0.408). is_primary_bubble=FALSE.
$157.20
$170fib-8%
FLYFirefly Aerospace Inc.
Classifier 2026-05-07: primary tier, corr 0.80 to space centroid (29 obs, 2nd: ai-software 0.123). is_primary_bubble=FALSE.
$40.26
$32fib+26%
RDWRedwire Corporation
Classifier 2026-05-07: primary tier, corr 0.68 to space centroid (29 obs, 2nd: ai-software 0.383). is_primary_bubble=FALSE.
$14.10
SATLSatellogic Inc.
Classifier 2026-05-07: primary tier, corr 0.71 to space centroid (29 obs, 2nd: networking-optical 0.359). is_primary_bubble=FALSE.
$9.60
$7fib+37%
UMACUnusual Machines, Inc.
Classifier 2026-05-07: primary tier, corr 0.67 to space centroid (29 obs, 2nd: quantum 0.513). is_primary_bubble=FALSE.
$16.02
$12fib+34%
AMPXAmprius Technologies, Inc.
Classifier 2026-05-07: extended tier, corr 0.49 to space centroid (29 obs, 2nd: datacenter-power 0.350). is_primary_bubble=FALSE.
$16.95
$19fib-11%
DELLDell Technologies Inc.
Classifier 2026-05-07: extended tier, corr 0.51 to space centroid (29 obs, 2nd: semiconductors 0.460). is_primary_bubble=FALSE.
$240.55
JPMJPMorgan Chase & Co.
Classifier 2026-05-07: extended tier, corr 0.31 to space centroid (29 obs, 2nd: cooling-dc-infra 0.190). is_primary_bubble=FALSE.
$297.53
KRKNFKraken Robotics Inc. (OTC)
Classifier 2026-05-07: extended tier, corr 0.45 to space centroid (29 obs, 2nd: nuclear-smr 0.406). is_primary_bubble=FALSE.
$5.30
LHXL3Harris Technologies, Inc.
Classifier 2026-05-07: extended tier, corr 0.35 to space centroid (29 obs, 2nd: nuclear-smr 0.151). is_primary_bubble=FALSE.
$303.39
LMTLockheed Martin Corporation
Classifier 2026-05-07: extended tier, corr 0.53 to space centroid (29 obs, 2nd: quantum 0.238). is_primary_bubble=FALSE.
$516.90
ONDSOndas Holdings Inc.
Classifier 2026-05-07: extended tier, corr 0.53 to space centroid (29 obs, 2nd: quantum 0.416). is_primary_bubble=FALSE.
$10.50
$9fib+18%
VSATViasat, Inc.
Classifier 2026-05-07: extended tier, corr 0.57 to space centroid (29 obs, 2nd: networking-optical 0.562). is_primary_bubble=FALSE.
$69.25

Correlation matrix (252d)

	ASTS	BKSY	LUNR	RKLB	SPIR	PL	IRDM	KTOS
ASTS	·	0.58	0.59	0.65	0.51	0.38	0.29	0.46
BKSY	0.58	·	0.58	0.65	0.55	0.45	0.32	0.38
LUNR	0.59	0.58	·	0.68	0.54	0.40	0.31	0.45
RKLB	0.65	0.65	0.68	·	0.50	0.44	0.28	0.49
SPIR	0.51	0.55	0.54	0.50	·	0.40	0.33	0.38
PL	0.38	0.45	0.40	0.44	0.40	·	0.13	0.28
IRDM	0.29	0.32	0.31	0.28	0.33	0.13	·	0.19
KTOS	0.46	0.38	0.45	0.49	0.38	0.28	0.19	·

Ticker order reflects hierarchical clustering assignment. Tighter green blocks on the diagonal = stronger sub-clusters within the bubble.

ETFs carrying the thesis

UFOPrimary
Procure Space ETF
Procure
—
ARKX
ARK Space Exploration & Innovation ETF
ARK Invest
—

Sub-clusters

ASTSBKSYLUNRRKLBSPIR
PL
IRDM

Frequently asked questions

What are the top stocks in the Space / Sat Comms bubble?: QuantAbundancia maps 8 primary stocks to the Space / Sat Comms bubble: RKLB, ASTS, LUNR, KTOS, PL, BKSY, IRDM, SPIR.
What ETFs carry the Space / Sat Comms thesis?: 2 ETFs on QuantAbundancia carry the Space / Sat Comms thesis: UFO (primary), ARKX.
How correlated are Space / Sat Comms stocks?: The Space / Sat Comms bubble's primary members co-move with a 252-day average correlation of 0.44 across 28 pairs — weak co-movement.