Neutron slipped again, maybe to 2027. That's a schedule, not a thesis. Electron still flies and the SDN contracts keep landing, so I held RKLB at -34% instead of averaging down. What I did change: sold a third of the ARKX sleeve, opened Voyager at 4%. Starlab, a $298M NASA award, Astrobotic's landers. Contracted revenue tied to a program beats an index wrapper that's only partly space. The SpaceX prospectus finally gives the sector a yardstick.