Liftoff is live. The bet: the space economy goes public. SpaceX is about to IPO, which re-rates the whole sector; satellite direct-to-cell is rolling out (ASTS just cleared FCC, GSAT powers Apple); defense-space contracts are ramping. You cannot buy SpaceX, so we hold the rest: Rocket Lab nearing profitability, Iridium printing cash, plus imaging, lunar and direct-to-cell, anchored by the primes. Bought the basket on a red sector day. SpaceX made it real, we trade the rest.