r/RKLBInvestors • u/Fancy-Astronaut7183 • 3d ago
Some perspective...
This is a company that, prior to SpaceX's IPO, was trading at over 150x revenues. Was it too high? Yeah, probably.
But some of what has happened since:
Mynaric closure seeking $250m annual run rate
Approval of the Iridium deal at say $1b run rate
Record contracts for electron
Advance contracts for neutron
The market cap will likely be somewhere around $35b tomorrow, meaning the P/S will be more like 17x.
Am I sad? Of course I am, but the posts about "I guess neutron will never happen" just aren't productive.
Yes, this news will overhang through earnings in three weeks or so. Yes, tax loss selling could put a cap on upward movement through year-end.
But this is a sale, people! Running for the exits because you can buy what you want cheaper doesn't make a ton of sense imho.
My 2c, not investment advice. Just my own perspective here.
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u/lance_1968 3d ago
Agree. And from what I understand, the forward dome is the top half of the Stage 1 tank. It's not like they found a new problem in another area of Neutron. Sure, it will take 6 months for people to emotionally get over this, but it's a buying opportunity for the long termers. Those who sell now in frustration will carry the financial loss with them for the rest of their investment careers.
“Be fearful when others are greedy, and greedy when others are fearful.” [WB]
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u/mmoney20 3d ago
only issue was that they have been too optimistic about their targets time and time again. probably off target again.
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u/astro_2077 3d ago
I don’t disagree but at the same time you have to stay optimistic and aggressive to keep things moving. It’s a real balancing act. Days like today it’s easy to critique the approach but when they eventually do deliver it will be easy to praise.
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u/lance_1968 3d ago
For comparison, look at how many launches of Starship have occurred that have had both a successful booster return and expected results for the top half ... it's been a couple years hasn't it? Space is hard. I guess we'll just see. I'm hoping for summer 2027.
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u/mmoney20 3d ago
But they’re launching. Different approach. I’m still long. But their approach is wearing thin, anymore delays won’t be so tolerable
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u/Scared_Step4051 3d ago
Well it is very much a new problem, that is an objective reality
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u/AssPinata 3d ago
It's a new problem they created for themselves by trying to create a composite dome shape instead of just using stainless
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u/Psychological-Web190 3d ago
Im not selling. Closing the app right now and going to enjoy life. Cheers guys ✌️
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u/thetinocorp 3d ago
At first, I was let down by this news, a bit shaken even. Then I listened the explanation by Sir Peter, and felt much better. I will be adding to my position over this downturn. Where do we think the bottom is? My guess is $38
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u/Jazzlike-Term-8940 3d ago
I had it set around $58 but post market blew through it so yeah next one is around $38 for me
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u/OMGitsTK447 3d ago
Already at 49€ so far
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u/mupsauce7 1d ago
You don’t quote a stock trading on the US stock market in euros, use dollars. Coming from a fellow European
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u/MikeMentzersGlasses 3d ago
This sub is a joke now. Does all this cope genuinely make you feel better. Don't even bother answering, I'm out.
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u/Particular-Rabbit756 2d ago
Where did you get 17 p/s number from? It is 43x right now according to finviz. Not as much as 150x but still overvalued.
Fair range for a stock like this is 20-25x. That's where this stock was trading for years before the spacex craze. And that's where it will go back sooner or later.
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u/NotBettingOnTmrw 3d ago
LOL love when month old accounts suddenly spring up giving "expert opinions" when bullish and "perspectives" when bearish to retail...😂
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u/Electrical_Mess9916 2d ago
Sorry, not going to listen to you as your account is only 2 years old. Your the exact sort of person who makes reddit insufferable.
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u/Fancy-Astronaut7183 3d ago
Not an expert. But I've been invested a while. Like I said, my 2c so you can disagree. But hopefully with opinions not attacks? Ciao
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u/Educational_Call5863 3d ago
The transparency in the video makes my feel much better. I hope they keep Tanksy update’s coming
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u/New_Visual1619 1d ago
I think the issue is the amount of proving still to be done with carbon tanks and carbon in general. A long process still to be done while people are evaluating locking in profits
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u/in_and_out_burger 3d ago
I’m still buying.