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The 5 Best Stocks to Buy Before SpaceX Goes Public

Wall Street is preparing for what could be the biggest IPO in history. Here are 5 public space economy stocks best positioned to skyrocket higher once SpaceX goes public.

Stock #1: STMicroelectronics $STM

Our first setup is a $29B global semiconductor company.

STM has just put the finishing touches on a fresh bearish to bullish reversal pattern. The stock is sitting above the VWAP from the all-time highs as well as the 38.2 retracement level that comes in around $32.

Above both of these key levels our bias is firmly to the upside with the path of least resistance now higher.

We want to be long above 32 with a target back to the highs around 55.

Stock #2: EchoStar Corp $SATS

Our next setup is the $32B satellite service provider EchoStar Corp.

After breaking out of a near decade long base, SATS has continued the strong move higher, blowing right past the first Fibonacci target at the 161.8 extension around $95.

Now it's consolidating those gains in a tight bull flag just above that level. That's exactly the kind of price action you want to see after a move like this — digesting gains before the next leg higher.

As long as we're above 95 we have no reason to believe this move is done. If this coil resolves to the upside, we want to be buyers into that strength with an upside objective of 149.

Stock #3: Globalstar Inc. $GSAT

Our next setup is the $7B mobile satellite services company Globalstar Inc $GSAT.

With price pressing up against the key level of 68.5, GSAT finds itself knocking on the door of a potential major base breakout. We're talking about a base  that's been over a decade in the making. 

Above that level there is essentially no overhead supply. So when a stock breaks out of a base this size, we’re looking to hit multiple targets along the way.

If and when price can decisively break above the prior resistance level of 68.5 we want to be buyers with an initial target of 108 and on longer timeframes a secondary objective of 174.

Stock #4: Rocket Lab Corp. $RKLB

Our next setup is the $39B aerospace and defense company Rocket Lab Corp $RKLB.

After resolving higher from its base breakout, RKLB has been stair stepping higher in a strong trending fashion. 

It is now trading just beneath the 423.6 extension level after failing to break above it. This tells us that more patience may be required before the next leg higher can get underway.

With a VWAP anchored to the pivot highs coming in at the same level around 79, we have two reasons to respect this level rather than one. 

We like buying this on strength if it can trade above this level with a target towards 125.

Stock #5: Planet Labs $PL

Our last and final setup is the $8B daily satellite data provider Planet Labs $PL.

After completing a massive base breakout, PL has already gone on to more than double. It has tagged the 2nd Fibonacci target at the 261.8% extension around $29 and has since been pulling back to digest those gains.

Dropping a VWAP from the pivot highs, you can see the stock is currently trading just below it. We like the idea of getting an early entry if the price can reclaim that level above $25 on strength.

For confirmation we want to see the price back above 29. A decisive move above there and we're buyers with a target up at $46.

Steve Strazza is the Chief Market Strategist at All Star Charts, where he combines institutional experience with a deep understanding of price behavior to identify high-conviction opportunities in U.S. equities. 

Before joining All Star Charts, Steve worked at top hedge funds, including Steve Cohen’s SAC Capital and Point72, gaining firsthand insight into how professional traders manage risk and position for major market moves. 

Today, he leverages that expertise to help traders cut through market noise and capitalize on the strongest trends with precision and confidence.

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