$RKLB looks more interesting at these levels.
After an incredible run of more than 3,000% in under two years, the stock hit an extreme 4.618 Fib extension before entering a major ABC correction. The pullback was fueled by valuation compression and liquidity rotating toward the SpaceX IPO, which also weighed on space-sector sentiment.
Now $RKLB has tested the 0.618 Fib retracement and is showing signs of support. The valuation remains demanding, even with TTM revenue growth near 46%. The long-term space TAM is massive, but the next major catalyst is still Neutron. Would you be buying this pullback?
