Billionaires Are Loading Up on Space Stocks: Does Rocket Lab (RKLB) Make the Cut?

We just published a list of the 10 Best Satellite and Space Stocks Billionaires Are Buying and Rocket Lab Corporation (NASDAQ: RKLB ) ranked 7th on this list.

Over the past few years, space and satellites companies have gone from being considered speculative, meme stocks to an investable category. Businesses in the sector are generating solid revenue and are receiving high-value government and defense contracts that are closely tied to their growth stories.

The biggest story of the year for the sector was Musk's rocket and spacecraft manufacturer's IPO in June, which was the biggest ever, making it one of most valuable companies in the world with a market cap of $1.77 trillion at the time.

Check out our list of the 10 Fastest-Growing Space Stocks to Buy Now .

However, the ride so far has been rough. As of the close on November 6, the stock is down by more than 36% from the post-IPO peak in June, representing a decline of 10% since the Nasdaq debut.

This is a reflection of the sector on a whole. Stocks have remained volatile in 2026, surging to peaks during the first half of the year amid optimism around AI and upcoming IPOs, followed by a sharp pullback during the back half of the year.

That said, the macro backdrop offers reasons to be enthusiastic about. Morgan Stanley anticipates the global space industry to grow from $350 billion in size to touch the $1 trillion mark by 2040 , as governments across the world pump hefty amounts into next-generation space infrastructure every year.

According to Insider Monkey, 16 billionaires held a stake in Rocket Lab Corporation (NASDAQ:RKLB) at the end of the second quarter of 2026. The company continues to lure investors due to its growth and widening business.

Revenue reached a record $234 million in Q2, growing 62% year-over-year and by $34 million sequentially, amid strong demand across the business. Backlog increased a staggering 137% from the prior year's period to $2.36 billion. Diluted EPS came in at $(0.08), compared to $(0.13) during the same period last year.

In June this year, Rocket Lab Corporation (NASDAQ:RKLB) announced that it had reached an agreement to acquire Iridium Communications in a cash and stock transaction, representing an enterprise value of around $8 billion.

The deal will merge the company's launch expertise and satellite manufacturing with Iridium's global satellites communication network to establish a vertically-integrated space company that is capable of building, launching, and operating its own constellations. The transaction is expected to close in mid-2027.