HawkEye 360 Inc. (NYSE:HAWK) is one of the 10 Stocks Outperforming Wall Street With Monster Returns.

HawkEye soared by 30.77 percent on Thursday—its first trading day as a publicly-listed company, thanks to the increasing appetite for space stocks amid ongoing developments in the sector.

The stock opened the day immediately surging by 30 percent from its initial public offering (IPO) price of $26, climbed by as high as 32.6 percent at $34.49, before finishing the day at $34 apiece.

Photo from HawkEye 360 website

HawkEye 360 Inc. (NYSE:HAWK) successfully raised $416 million in fresh funds from the sale of 16 million common shares. It also has the potential to raise as much as $62.4 million in case its underwriters fully subscribe to its 30-day overallotment option of 2.4 million common shares at the IPO price.

HawkEye 360 Inc. (NYSE:HAWK) said that proceeds from the offer will be used to boost its financial flexibility, repay all of its outstanding debt under the 2025 Loan and Security Agreement and the 2025 Mezzanine Loan and Security Agreement.

As of 2025, HawkEye 360 Inc. (NYSE:HAWK) said that its total indebtedness amounted to $48.6 million, including $14.6 million under the senior term loan and $34 million under the mezzanine loan.

Meanwhile, another $15 million of the proceeds will be used to make the deferred payment included in the total consideration for its acquisition of Innovative Signal Analysis Inc., while the balance will be used to fund its working capital and other general corporate purposes.

While we acknowledge the potential of HAWK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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