I don't really get the case for buying SPCX. Space as a sector is going to do well, and the picks-and-shovels play is where the real upside is. That's why I went with RDW. It trades at 5 P/S, while SpaceX is at 120 P/S, so it looks more than 20 times undervalued in comparison.
Redwire does roll-out solar arrays in space, drones used in the Ukraine war, sensors for the Mars rover, cameras on Artemis, 3D printing, drug manufacturing in space, greenhouses, robotic arms, VLEO satellites, and a lot more. The original US space companies came together to form Redwire. Their Elsa solar panels are even superior to the SpaceX panels on Starlink Version 3.
VLEO alone is another path that could lead to multi-billion dollar revenue down the line. Redwire has a lead in multiple areas. It's the original US space company with over 50 years of space heritage, and they have access to Europe as well. Whether $SpaceX(SPCX)$ spends billions or Bezos sells $Amazon.com(AMZN)$ shares to fund Blue Origin, it's hard to see how $Redwire Corp.(RDW)$ doesn't come out on top.
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