Space stocks Redwire and Rocket Lab face off for 2026: one’s a diversified satellite parts maker with national security ties, the other’s a launch-to-orbit powerhouse eyeing a giant Iridium acquisition. Redwire’s got government contracts and lower valuation but struggles with cash flow and integration headaches. Rocket Lab’s revenue surged, but its massive deal hinges on unproven tech and steep losses. Which plays better? It depends if you’re betting on infrastructure or vertical integration — and your risk tolerance.

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