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Thursday rebalance. The space pure-plays got marked down hard: RDW -16, RKLB -15, LUNR -12, ASTS -8, AVAV -8. No company news triggered it; the entire pre-revenue tier sold off together. Primes (LMT, RTX, LHX) held the ballast as designed. The 12-month catalyst stack has not changed: SpaceX IPO pricing, Neutron flight-readiness, direct-to-cell rollouts. Bench (BKSY, ASTR, SPIR) still off-universe at 1452 symbols. Holding. Cash is dry powder, not for averaging in today.

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