In this article, we discuss the 5 most valuable space companies in the world. If you want to read our detailed analysis of the space industry, go directly to the 15 Most Valuable Space Companies in the World.
5. General Dynamics Corporation (NYSE:GD)
General Dynamics Corporation ( NYSE: GD) is an aerospace and defense company based in Reston, Virginia. Founded in 1954 with the merger of Electric Boat and Canadair, the company today has ten business subsidiaries with operations in 45 countries.
General Dynamics Corporation ( NYSE: GD) was ranked in the 83rd position in the Fortune 100 Companies in 2020. General Dynamics Corporation (NYSE: GD) delivers program management, turnkey solutions for planning and development, engineering solutions, and support services for various space programs.
4. Northrop Grumman Corporation (NYSE:NOC)
The Northrop Grumman Corporation (NYSE: NOC) is an American defense technology and aerospace organization. The Northrop Grumman Corporation (NYSE: NOC) works in three primary segments, which are defense systems, space mission systems, and aeronautics related services. Northrop Grumman Corporation (NYSE: NOC) provides designing, developing, and integration & production of autonomous operating systems. Northrop Grumman Corporation (NYSE: NOC) was established with the merger of Northrop Corporation and Grumman aerospace in 1994. According to Northrop Grumman Corporation (NYSE: NOC), Northrop started with military equipment. Whereas Grumman was the chief contractor for the Apollo Lunar Module.
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3. SpaceX (Private)
Elon Musk (the owner of Tesla) founded SpaceX in 2002. SpaceX kept revolutionizing the space world with its ultimate goal of being multi-planetary. SpaceX is one of the most valuable, high-profile commercial space companies. Recently, SpaceX became the first-ever private company to send NASA’s astronauts to the International Space Station. SpaceX manufactures and launches the world’s most moderate spacecraft.
SpaceX completed its largest-ever equity funding round of $850 million in August 2020. This latest round of mega funding represents a jump of 60% in the company’s entire valuation.
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2. Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin dates back to 1912, when Allan and Malcolm Loughead founded the Alco Hydro-Aeroplane Company. The present-day Lockheed Martin was established in 1995 with the merger of the two most significant American defense contractors. Furthermore, with the acquisition of Loral Corporation, Lockheed Martin (NYSE: LMT) has become one of the world’s largest space companies. Lockheed Martin (NYSE: LMT) is a leading contractor for the US Department of Energy (Federal Energy Solutions) and the National Aeronautics and Space Administration (NASA).
Lockheed Martin (NYSE: LMT) services span aerospace, telecommunications, space information and services, aeronautics, and system integration. Currently, Lockheed Martin (NYSE: LMT) has nearly 144,000 employees, 375 work facilities, and 16,000 active suppliers globally.
1. Raytheon Technologies Corporation (NYSE:RTX)
Raytheon Technologies (NYSE: RTX) is the largest space company in the world. Raytheon Technologies (NYSE: RTX) offers services to commercial, military, and government agencies worldwide.
Collins Aerospace Systems (Space Subsidiary of Raytheon Technologies) works with space-related equipment and aftermarket solutions. Collins Aerospace Systems designs and supports internal communication systems, space water-waste management, simulation facilities, and information management solutions. Raytheon technologies (NYSE: RTX) is based in the United States and has 181,000 employees worldwide.
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