The space industry continues to grow as governments and private companies spend more on satellite launches, national security, and space technology. Investor interest has also increased after SpaceX’s (SPCX) blockbuster public debut highlighted the sector’s long-term growth potential. As the second half of 2026 begins, Rocket Lab (RKLB), Planet Labs (PL), and Firefly Aerospace (FLY) stand out for their growth prospects and strong analyst support.
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Rocket Lab is one of the best-known space companies. It launches small satellites and builds spacecraft for commercial and government customers. Demand remains strong, with the company reporting a backlog of more than $2.2 billion.
Rocket Lab also has another growth driver. Its reusable Neutron rocket is expected to launch in late 2026 or early 2027. The rocket is designed for larger missions and could help Rocket Lab compete with SpaceX. The company has also won several defense and U.S. Space Force contracts.
On TipRanks, RKLB stock has a Strong Buy consensus rating based on 10 Buy and three Hold ratings. The average Rocket Lab price target of $108.70 implies 26% upside potential.
Firefly Aerospace (FLY)
Firefly Aerospace builds rockets, spacecraft, and lunar landers. The company made history by becoming the first commercial firm to complete a successful Moon landing with its Blue Ghost lander.
Firefly continues to expand its space business. It recently won a $75 million NASA contract to deliver four drones to the Moon’s south pole. The company is also developing its Eclipse rocket, which is expected to enter service in 2027 and support larger launch missions.
On TipRanks, FLY stock has a Strong Buy consensus rating based on five Buy and two Hold ratings. The average Firefly Aerospace price target of $44 implies 74% upside potential.
Planet Labs (PL)
Planet Labs operates one of the world’s largest fleets of Earth-imaging satellites. The company provides daily satellite data that helps customers in agriculture, climate monitoring, defense, and intelligence.
Planet recently reported first-quarter results that beat Wall Street’s expectations. Growth was driven by strong demand from its defense and intelligence business. The company also raised its full-year revenue and gross margin outlook, showing confidence in its business.
On TipRanks, PL stock has a Strong Buy consensus rating based on seven Buy and two Hold ratings. The average Planet Labs price target of $42.56 implies 48% upside potential.
