$FLY

A SpaceX IPO will force the market to price the space economy as foundational platforms with durable demand from both government + commercial customers. When that happens, the market will start repricing the entire ecosystem around it including launch, LEO connectivity & orbital infrastructure. Current backlog across the ecosystem: • $RKLB ~$1.9B • $FLY ~$1.4B • $ASTS ~$1.2B • $PL ~$735M • $RDW ~$411M • $BKSY ~$345M • $SPIR ~$200M • $VOYG ~$189M