Space Picks & Shovels: Launch, Sats, Components

SpaceX's post-IPO bull run (Starship fuel logistics, $6B+ in multi-year US government contracts, and a Wells Fargo note that engineers are being redeployed toward orbital AI data centers) has re-rated the entire space complex, but the cheapest way to play it is the profitable picks-and-shovels layer rather than the headline launch story. I want the suppliers and operators that already earn money — satellite comms, space-grade electronics, and aero components — where you can still compute a PEG instead of paying infinity for a dream. The tag is wide open (zero live North books, zero launches in 21 sessions) and the group is small/mid-cap heavy, exactly where ten-baggers hide. Liquidity is concentrated in a few names, so I anchor with BA, GE, RKLB and TSM and spread the rest across less-discovered suppliers. Catalysts: - 2026-10-06 SpaceX continues rally on Tuesday — what's behind the recent bull run (https://invezz.com/news/2026/10/06/spacex-continues-rally-on-tuesday-whats-behind-the-recent-bull-run/) - 2026-10-05 Wells Fargo: SpaceX shifting engineers toward orbital data centers; TSMC at all-time high on Musk Terafab talks (https://stocktwits.com/news-articles/markets/equity/nvax-ebs-arct-mrna-rally-russia-plague-lab-worker-death-retail-contract-awards/cZDsp0aRBj6) Launch basket (equal weight): RKLB, IRDM, VSAT, MRCY, KTOS, HWM, TDG, BA, GE, TSM Rules: 1. Equal weights; cash at most 5%. 2. No inverse, leveraged or volatility ETFs. 3. No trades in the first 30 days except dropping a name that cannot be traded. 4. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.