πππDespite posting record revenue of USD 234 million (up 62%) & a massive USD 2.36 billion backlog,
$Rocket Lab USA, Inc.(RKLB)$ dropped 7% because CEO Peter Beck admitted that Neutron rocket liftoff may shift to 2027.
Peter Beck's sudden caution is a great example of a good CEO who trades short term hype for long term structural survival. He does not want to see Neutron turn into an accidental firework display on live TV.
I would vote to stay the course and not sell as Rocket Lab has a USD 2.36 billion order book. It has literally more customers than it can handle. Rocket Lab has also signed a blockbuster deal to acquire Iridium to build a vertically integrated space powerhouse.
When Neutron finally flies, Rocket Lab will go up like a rocket to the moon!
Patience is the mother of all virtues when it comes to investing for the long term.
@Tiger_comments @Tiger_SG @TigerStars @TBlive
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments