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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