$MRCY

$SPCX IPO helped re-rate the space trade this year and Anduril going public in 2027 could do the same for drones. $MRCY is my picks-and-shovels play on this thematic since they supply the AI “brains” inside modern drones and defense platforms while backed by record orders of $348M (+74% YoY) & ~$1.6B backlog.