MarketBeat Identifies Top Space Stocks Amid High Risks

Space stocks are gaining attention as growth opportunities, but they come with significant risks due to high development costs and limited profitability. MarketBeat's stock screener tool has identified seven space stocks to watch: SpaceX (SPCX), Honeywell Aerospace (HONA), Rocket Lab (RKLB), Boeing (BA), Parker-Hannifin (PH), GE Aerospace (GE), and Axon Enterprise (AXON).

SpaceX, founded by Elon Musk, aims to make life multiplanetary and has formed a vertically integrated innovation engine. The company's first earnings report could decide whether shorts or bulls have control.

Honeywell Aerospace manufactures aircraft components, avionics, engines, and systems for various markets, including space. GE Aerospace provides aerospace products and services through two segments: Commercial Engines and Services and Defense and Propulsion Technologies.