Both rockets and satellites are highly important for our modern way of life. Without them, communication would be a lot more complicated and costly, and, in some cases, impossible.

Navigation satellites allow us to use technologies, such as GPS, and, of course, there are also many use cases in espionage, military, and defense, such as information gathering.

Rockets allow us to move satellites into space, and they allow us to explore (parts of) the universe – e.g. by sending crafts to outer planets, or by sending astronauts to the moon or the International Space Station.

The knowledge that’s gathered can be used for developing finer scientific models, but can also be turned into better everyday items – including golf balls, smoke detectors, or battery-powered tools.

The many use cases explain why the number of active satellites grows rapidly:

Especially in recent years, the number has exploded upwards, as companies, such as SpaceX, have added many additional satellites.

How To Benefit from Rockets and Satellite Tech

SpaceX is one of the leading space technology companies, offering rocket launches for other companies that want to deploy their own satellites, while SpaceX is also operating its own rapidly growing satellite network to bring internet service to consumers around the globe, including those living in remote places.

While SpaceX is not publicly traded, some other space tech companies are traded publicly, including Virgin Galactic (NASDAQ: SPCE) and Iridium Communications (NASDAQ: IRDM).

Major defense tech companies, such as Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA), also operate space tech units. While these aren’t space pure plays, they offer exposure to growing markets, such as satellite tech, rocket tech, space exploration, and so on.

Unlike smaller and younger companies, such as SPCE, companies such as LMT are profitable and established, and thus lower-risk in nature.

Investors can also decide to invest in a way that lets them benefit from the rockets and satellites market growth indirectly. While Alphabet (NASDAQ: GOOG) or Meta Platforms (NASDAQ: META) do not operate or produce rockets and other space tech, they benefit from improved communication around the globe.

When internet services are being made available in more and more locations around the world, these internet consumer companies can grow their user count and thus their revenue generation potential, making them an indirect beneficiary of increased spending on rockets and satellites tech.