$SPCE has been a disaster the last 2 years, but I’m starting to think the risk/reward is getting interesting here. Stock is still down huge from dilution, delays, and cash burn, but launches are supposed to restart in 2026 and they already have a pretty solid preorder backlog. Earnings expectations are basically on the floor, so even slightly positive updates could move the stock hard. At the same time, space names like $RKLB and $LUNR have already gone crazy recently with all the SpaceX IPO speculation. Not saying this is a long-term investment, but as a short-term speculative trade, $SPCE feels interesting. Anyone else watching it?