The commercial space sector is drawing intense investor attention as several companies position themselves for extraordinary long-term revenue growth over the next decade.
AST SpaceMobile (ASTS) has launched 10 commercial low-Earth orbit satellites so far, targeting a rapidly expanding market in satellite-based connectivity services.
Unlike SpaceX’s Starlink, which powers its own first-party satellite internet service, AST helps telecom companies expand their networks to areas terrestrial towers cannot reach.
Major carriers including AT&T and Verizon are among the telecom partners working with AST to extend 5G coverage using the company’s satellite infrastructure.
AST’s satellites are notably larger than Starlink’s, giving the company a distinct technical profile as it builds out its constellation in low-Earth orbit.
The company plans to expand its constellation to between 45 and 60 satellites by the end of 2026, with a longer-term target of up to 248 satellites over the following years.
Despite a lofty valuation of 122 times this year’s sales, Wall Street expects AST’s revenue to rise more than 25 times between 2025 and 2028, reflecting enormous growth expectations.
Rocket Lab (RKLB) is another standout name in the sector, with analysts projecting the company’s annual revenue to nearly triple from 2025 to 2028.
Rocket Lab’s stock trades at 51 times this year’s sales, a premium valuation that reflects the market’s confidence in its long-term launch and space systems business trajectory.
SpaceX, though still privately held and not directly accessible to most retail investors, rounds out the group of companies analysts identify as potential multibagger opportunities in the space sector.
The broader commercial space industry is undergoing rapid expansion as government and private demand for satellite services, launch capacity, and orbital infrastructure continues to surge globally.
Investors willing to accept the volatility and premium valuations attached to early-stage space companies may find significant upside potential as these businesses scale through the end of the decade.
