Space-tech stocks are seeing some activity after reports that SpaceX might IPO in late 2026 with a $1.5T valuation. Redwire (RDW) has been moving up on the news, gaining about 40% in the last month, though it's still down 35% longer term. Financials are mixed. Q3 revenue grew 51% to $103.4M, but that missed estimates. Margins improved to 27.1%, but they posted a wider loss due to higher operating expenses. They recently secured a $44M DARPA contract and a docking system deal. It's a risky small-cap, but defense spending trends are helping the sector.