7 Best Space Exploration Stocks to Invest In

1. Lockheed Martin (NYSE:LMT)

No. of Hedge Fund Holders: 65

Lockheed Martin (NYSE:LMT) is a global aerospace and defense company, famously known for its F-35 Joint Strike Fighter jet. However, the company has a notable space business focused on the manufacturing of satellites and missiles. The company has a launch business through a joint venture with Boeing.

Lockheed Martin (NYSE:LMT) is well-known for its relationship with the Pentagon and NASA. The company is involved in several government programs. Its space unit exposes it to the growing defense areas, such as hypersonic missiles. Lockheed Martin also designs and builds lunar and deep space exploration, including NASA’s Orion spacecraft. The company is also creating weather and climate observation satellites such as the GOES-R series.

Space accounts for more than 15% of the company’s total revenue. In FY2024, the company’s space segment posted $12.5 billion in revenue, out of a total of $71.04 billion. Lockheed Martin might face headwinds in its defense segment, but the opportunities in the space economy add to its benefit.

While we acknowledge the potential of LMT to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than LMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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