Market Pulse – 29 September to 3 October
Why these companies: Europe has fewer publicly traded pure-play space companies than one might expect. As a result, most space-related indices are heavily skewed toward aircraft and defence primes, with core businesses that lie outside the space sector.
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Insight: The past week was strong for European space equities, with most tracked companies posting notable gains amid continued investor confidence in the sector’s strategic importance under heightened geopolitical pressures. There are, however, clear signs that parts of the rally may prove short-lived, with recent price action driven by a mix of short-term catalysts and speculative momentum rather than sustained fundamental improvements.
Triple-digit surge: OHB SE was the clear standout of the week. The company’s share price soared 105.78% over the past week, including a 39.04% surge on Friday, 3 October. This latest surge followed a 30.46% gain the week before. The rally appears largely driven by Germany’s €35 billion commitment to space-related defence programmes over the next five years, with investors betting that OHB will capture a meaningful share of this funding as the country’s primary industrial partner for military space systems. However, the magnitude of OHB’s rise suggests additional factors are at play, with no other German aerospace or defence stocks remotely approaching a triple-digit spike over the same period…
