I know there's a strong following here for such bands.
There's a krautrock thread and a 60s Psych thread. Why not one for space rock/psychedelic(which doesn't fit into either one of those two). Lots of interesting and unknown gems here. I've definitely collected enough to make a compilation. But I'll post one later since my net is pissing me off atm.
Anyways, post away with the bands you know. I'll definitely check out all the recs
I'll start-
Hidria Spacefolk - Symbiosis
A very solid modern space-rock band from Finland. Musically, I don't think they are anything new for someone familiar with say Ozric Tentacles, but they definitely do feature everything i love about psychedelic/space rock. Love this album! Has a very middle-eastern kinda sound as well, which works out extremely well.
I'm not able to find any tracks from this album anywhere, but anyways this would be a good overview of what they sound like.
Track name: Pajas
From their second album "Balansia".
Hidria Spacefolk - MySpace
Note: Symbiosis is a little bit different from this.