
Here are the main issues I see with Rocket Lab $RKLB and most space stocks right now: - Competing with Elon Musk and SpaceX is extremely difficult. - Capital is hard to attract in this sector. A lot of the money that used to go into space is now going into AI and data centers instead. - Dilution is a real problem. Rocket Lab has raised $2.5B in equity (+533% YoY), and the share count is up 22% to 629.7M. Even with strong revenue growth, this kind of dilution makes it harder for the stock to re-rate and for existing shareholders to benefit fully. What am I missing?