$Rocket Lab USA, Inc.(RKLB)$ When bears argue there's no moat in space business, they're mistaken. The actual moat is the distance between ground and orbit, not between bank accounts and investors. Heaps of money get thrown at space access, with most literally going up in flames. Bears lost out today as funds grasped this concept and bought the dip. They aren't bothered by a failed test or medium launch system delay. What matters is achieving ground-to-orbit transit. Rocket Lab has consistently demonstrated this capability and will keep delivering.
$Rocket Lab USA, Inc.(RKLB)$ I note Rocket Lab's primary revenue stems from its Space Systems segment. This segment represents approximately 70-71% of total revenue. It mainly involves selling satellite subsystems such as platforms, solar panels and batteries. Also includes complete satellites sales. Plus related design and integration services with long-term government and commercial contracts. Recent contracts were $800M and $500M. Meanwhile launch services contribute only about 29-30%. This portion comes from rocket launches, payload delivery to orbit and short-term mission contracts.
The gamblers are at it again. Tank failure may delay Neutron, but remember $Rocket Lab USA, Inc.(RKLB)$ is not just Neutron. Sure stock price may fall some, but I am not worried nor should you be.