Thesis: fraud, analyst: bleekr-street-research, sector: space.
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More ... latest change: 2026-02-28
Bleecker Street Research published on Rocket Lab (NASDAQ: RKLB — $10.2 billion), a rocket launch and aerospace engineering company. Bleecker Street alleged the company “materially misled investors about the likelihood that its Neutron rocket will launch in mid-2025” and suggested the launch would likely occur in “mid-2026 to mid-2027.” Bleecker Street based its research on “thousands of pages of technical docs and interviews with 23 experts” and concluded,
“Without Neutron, Rocket Lab’s revenue goals for space don’t add up. SpaceX took a huge bite out of the market for Rocket Lab’s small Electron rocket by offering cheaper satellite rideshare aboard Falcon 9. Electron and Space Systems alone don’t come close to supporting the company’s current valuation.”
Last updated: 2026-03-07 by automated standardization process