Space Cat🦛🧇🧬

$RKLB is down over 7% today and the drop is being driven by a damaging short report from Bleeker Street Research. 🚨 The report claims Rocket Lab has overpromised on its Neutron launch timeline. Industry insiders estimate delays of 1–2 years beyond the mid-2025 target. Development costs for Neutron are pegged at $300–$600M, and the report suggests Rocket Lab may need to raise capital soon despite having $504M in cash. The only announced Neutron launch customer is E-Space, which the report calls an undercapitalized startup. That raises questions about pricing and viability. SpaceX’s Falcon 9 is already eroding the market for Rocket Lab’s smaller Electron rocket, making Neutron critical to future growth. Bleeker Street argues that without Neutron, Rocket Lab’s current valuation is not justified.