Karman Holdings is an overlooked, profitable space stock with a lot of catching up to do if the market keeps chasing space. Its presentation mentions Golden Dome several times, which the market seems to have missed. It is in a falling wedge and held support earlier this month. x.com  x.com 

Karman Holdings' selloff looks significantly overdone, with price in the downside target zone on major higher-timeframe support. It builds mission-critical systems for missiles, hypersonics, missile defense, launch vehicles and spacecraft, a fundamentally stronger story than popular retail space names. Q1 2026 revenue grew 51% and adjusted EBITDA 48%, and management raised guidance to about 54% growth for 2026. If support holds, it has a path to triple digits as the theme regains momentum. x.com 

Karman Space & Defense is expensive against its cash earnings. At $33.05 it trades at 34x cash earnings and 21x next year's, while aerospace and defense suppliers usually get 16x. Fair value is $20.73–$26.38, about 16x next year's cash earnings give or take 12%, putting the stock 25% above the high end. The forward read leans on forecasts, sitting 90% above the trailing one. This is a levels-only read off reported earnings and revenue estimates, not fundamental work. x.com 

Karman Space & Defense's selloff ignores strong results, and people will get rich off this company in time. Revenue rose 51% year over year, partly through acquisitions, and backlog grew 61%, yet the stock fell 12% after months of decline. Per a quoted earnings summary, legacy segments grew about 25% organically, while adjusted EBITDA margins slipped to 29.6% on lower-margin acquired contracts. x.com 

Kratos and Karman have a strong bull story as the US enters a munitions replacement cycle after all the munitions used in Iran, even though the market is pricing in a peace-loving nation going forward. x.com 

Karman Holdings, along with Kratos, should be one of the real winners of the space-sector boom. Both have massive space programs and revenues significantly higher than some of the space stocks that have already exploded. x.com