Q1 revenue $14.7M, vs. Street

Q1 revenue $14.7M, vs. Street expectations of $39M, a gap of over 60%. Loss per share $0.66, Street expected $0.24, loss nearly tripled. Operating expenses $164.1M, engineering and administrative expenses climbed significantly.

Only bright spot: Full-year guidance maintained at $150–200M, cash reserves $3.5 billion, no short-term shortage of money. Obtained FCC authorization allowing 248 satellites to provide commercial services in the US. Technically, Block 1 satellites peaked at 98.9 Mbps download; Block 2 is expected to double. Market cap once reached 32 billion, while Q1 actual revenue was $14.73 million. Launch execution is the most critical variable this year—3 satellites in mid-June, followed by 20+. Blue Origin let a satellite enter the wrong orbit last month; execution risk is real.

SpaceX IPO Sprinting! Are Space Stocks the Chosen One?

SpaceX IPO officially enters the final countdown; listing expected in June with valuation reaching $1.75 to $2 trillion, poised to become the largest IPO in history. The biggest highlight of this offering is the retail allocation, which could reach as high as 30%—far exceeding industry norms. What’s your take on the investment logic of space stocks? Do you think RKLB is the “SanDisk of space,” or is the valuation already overstretched? Would you consider buying after a -10% post-market drop of $AST SpaceMobile, Inc.(ASTS)$? Is SpaceX Terafab another of Musk’s cash-burning projects?

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.

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