$RKLB Rocket Lab keeps falling; here's why👇 • New shares: $1.94B (vs. +22% shares YoY) • Neutron late: 2027 (vs. 2024 first plan) • Cash used: $110M in Q2 (vs. $55M a year before) • Defense orders: SpaceX $4.16B (vs. $0.4B for RKLB) • Still expensive: 22x 2028 sales (vs. 6x in my estimate) I'm very interested in this business, but I think it is still early. Am I too bearish?
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