3 Space Stocks That Could Turn $10,000 Into $50,000 By 2035

The space logistics market could grow at a 19% CAGR from 2025 to 2034, according to Fortune Business Insights, as more private companies and government agencies launch more satellites and space exploration missions. To capitalize on that secular trend, investors should consider investing in three of the industry's highest-growth stocks: SpaceX (NASDAQ: SPCX), Rocket Lab (NASDAQ: RKLB), and AST SpaceMobile (NASDAQ: ASTS).

All three of these stocks seem like speculative bets today, but they all have the potential to turn $10,000 into $50,000 over the next decade as the nascent space logistics market expands.

Image source: Getty Images.

SpaceX

SpaceX went public this June in the largest IPO in history, but its stock is still trading slightly below its IPO price because it's a divisive investment. The bulls believe it will successfully expand its space, satellite, and AI businesses to become a massive, end-to-end provider of launch, satellite internet, and orbital AI infrastructure services.

The bears believe the losses at its space and AI divisions will continue to wipe out its satellite division's profits, and that its stock will crumble under the weight of its massive valuations. Even after dipping below its IPO price, SpaceX still looks expensive at 41 times this year's sales.

But its Falcon rockets and Starlink satellites have already established early mover advantages in the reusable orbital launch and internet satellite markets, and it could eventually tie those businesses together through its xAI platform and generative AI services.

SpaceX's founder and CEO, Elon Musk, claims SpaceX's annual revenue could surge to $1 trillion by 2030 as those businesses expand. That would represent a 5-year CAGR of 122% from its 2025 revenue of $18.7 billion. If SpaceX comes anywhere close to hitting Musk's ambitious target, its stock could easily rise more than fivefold over the next decade.

Rocket Lab and AST SpaceMobile

Rocket Lab and AST SpaceMobile compete with SpaceX in the reusable orbital rocket and low Earth orbit (LEO) satellite markets, respectively. But both companies have carved out defensible niches in those markets and continue growing in SpaceX's shadow.

Rocket Lab's Electron rockets, which have been launched 92 times to deploy more than 263 satellites, carry smaller payloads than SpaceX's Falcon rockets. Its next rocket, Neutron, will carry larger payloads but still have a lower maximum capacity than SpaceX's Falcon 9. It plans to eventually become an "end-to-end" space services company that manufactures more spacecraft, satellites, and subsystems for private companies and government agencies.

AST SpaceMobile has launched only 10 commercial LEO satellites so far. But unlike SpaceX's Starlink satellites, which power its own first-party satellite internet service, AST helps telecom companies like AT&T and Verizon expand their 5G networks to areas that their terrestrial towers can't reach. AST's satellites are also much larger than Starlink's satellites. AST plans to expand its constellation to 45-60 satellites by the end of 2026, with a longer-term goal of amassing up to 248 satellites over the next few years.

Rocket Lab's stock isn't cheap at 51 times this year's sales, but analysts expect its annual revenue to nearly triple from 2025 to 2028. AST's stock looks even pricier at 122 times this year's sales, but Wall Street expects its revenue to rise more than 25 times from 2025 to 2028.

Both of these stocks look just as speculative as SpaceX. But they could also have plenty of room to grow as they launch more rockets and satellites. Economies of scale will also eventually kick in, narrow their losses, and pave the way toward eventual profitability. Analysts expect both companies' adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to turn positive in 2027 and grow significantly in 2028.

Rocket Lab and AST SpaceMobile could remain volatile in this choppy market, but they both have the potential to generate multibagger gains over the next decade. They could also become lucrative takeover targets for SpaceX or other larger space-oriented companies, so they might be worth nibbling on today.

Leo Sun has positions in Verizon Communications. The Motley Fool has positions in and recommends AST SpaceMobile and Rocket Lab. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy.