Policy v1.3

Satellite Portfolio Dashboard

Confirmed account records are delayed, redacted historical repository records. Demo data exists only in the browser to test charts, operation flow, and metrics.

Gains red, losses greenConfirmed ledgerSnapshot 2026-08-28

Not investment advice. This is a delayed personal research journal and account audit trail, not a recommendation or signal for public readers to buy, sell, hold, copy, mirror, or size any security. Demo mode is browser-only simulation; confirmed records are delayed historical records after the publication embargo clears.

Total equity

$11,939

Total return

-6.5%

Sharpe

0.98

Max drawdown

12.1%

Confirmed operations

Positions

confirmed data

Equity curve

Portfolio equityLatest$11,938.78Range +576.0%

View May 30 - Sep 455 points7 plotted event daysDashed deposits

cash and capital

Account balance

Confirmed cash$9,671.87

Cumulative deposits$12,768.00

Total equity$11,938.78

Data stateFunded With PositionsDisplayed balances come from delayed committed account records and derived files.

Confirmed

confirmed positions

Holdings

Symbol	Shares	Avg Cost	Last Price	Value	P/L	Return
ASTSNasdaq	11	$78.65	$62.31	$685.41	-$179.70	-20.8%
IRENNasdaq	5	$44.01	$44.68	$223.40	+$3.35	+1.5%
MDANYSE	9	$34.41	$29.52	$265.68	-$43.98	-14.2%
RKLBNasdaq	17	$100.08	$64.26	$1,092.42	-$608.89	-35.8%

ASTSNasdaq-20.8%

Shares: 11
Value: $685.41
Avg cost: $78.65
Last price: $62.31
P/L: -$179.70

IRENNasdaq+1.5%

Shares: 5
Value: $223.40
Avg cost: $44.01
Last price: $44.68
P/L: +$3.35

MDANYSE-14.2%

Shares: 9
Value: $265.68
Avg cost: $34.41
Last price: $29.52
P/L: -$43.98

RKLBNasdaq-35.8%

Shares: 17
Value: $1,092.42
Avg cost: $100.08
Last price: $64.26
P/L: -$608.89

append-only ledger

Operation history

2026-08-28Deposit$888.00cash
2026-08-21Deposit$888.00cash
2026-08-14BUY IREN5 shares @ $44.01buy
2026-08-14Deposit$888.00cash
2026-08-13BUY MDA3 shares @ $35.51buy
2026-08-07Deposit$888.00cash
2026-08-06BUY MDA6 shares @ $33.86buy
2026-07-31Deposit$888.00cash
2026-07-24Deposit$888.00cash
2026-07-23Deposit$3,000.00cash
2026-07-11Deposit$888.00cash
2026-07-08BUY RKLB4 shares @ $81.68buy
2026-07-08BUY ASTS4 shares @ $74.25buy
2026-07-08Deposit$888.00cash
2026-06-22BUY RKLB4 shares @ $97.30buy
2026-06-22BUY ASTS4 shares @ $74.11buy
2026-06-18Deposit$888.00cash
2026-06-12BUY RKLB6 shares @ $105.39buy
2026-06-12BUY ASTS2 shares @ $84.24buy
2026-06-12Deposit$888.00cash
2026-06-05BUY RKLB3 shares @ $117.68buy
2026-06-05BUY ASTS1 shares @ $103.19buy
2026-05-30Deposit$888.00cash

active universe

Research universe

Research brief

RKLB

Rocket Lab

space launch and space systems

Status: Core candidate
Price: $64.26 · 2026-09-04
Baseline: 2026-05-30
Latest stance: Hold 17; add 0

Full brief TradingView StockAnalysis

Market cap$38.5B

EV/S47.2x

P/EN/M

Revenue$769.1M

Rev growth+52.5%

Gross margin37.3%

RSI 1412.8

52w pos23.5%

Macro sensitivity

Rate4/5

Credit3/5

AI capex1/5

Financing4/5

Dilution4/5

Fragility3/5

rate spike credit widening ATM usage Neutron delay or launch/defense budget shock

ATM capacity is the main financing risk; debt risk is lower than pre-commercial or heavily levered peers.

Price chart$64.26 · 2026-09-04

-13.7%

1D+0.7%5D-0.2%

1DExtended hours when available · exchange time

Thesis

Revenue and backlog strengthened, while valuation, negative cash conversion, Neutron timing, ATM issuance and Iridium financing block another share.

Upside path

Execute Neutron, integrate Iridium and convert backlog into durable per-share cash flow.

Risk watch

Neutron qualification, acquisition financing, dilution, margins and cash conversion.

Next check

Neutron pad-delivery evidence, Iridium financing or approval, Q3 results or valuation reset.

Analysis history

2026-08-11Record quarter strengthens hold but not entryHold 17; add 0 · Material Filing Refresh · v1.3
Revenue and backlog strengthened, while valuation, negative cash conversion, Neutron timing, ATM issuance and Iridium financing block another share.
2026-08-11-MATERIAL-FILING-REFRESH.md
2026-07-28Record HASTE contract strengthens repeatable defense-launch evidenceHold 17; add 0 · Material Contract Refresh · v1.1
The issuer describes a USD 266 million U.S. Space Force contract and separately states 12 HASTE launches plus up to six additional opportunities without clarifying option inclusion. The award improves backlog quality, cadence and national-security-customer evidence, but undisclosed margin, Neutron execution, Iridium approvals and financing, ATM dilution, valuation and correlated space exposure keep the add gate closed.
2026-07-28-MATERIAL-FILING-REFRESH.md
2026-07-14Integrated responsive-space mission completionA · Material Execution Update · v1.1
VICTUS HAZE completed launch, commissioning, and rendezvous operations faster than U.S. Space Force deadlines, strengthening integrated execution while valuation, Neutron, Iridium, financing, and account concentration block an add.
2026-07-14-MATERIAL-FILING-REFRESH.md
2026-07-11Ownership and concentration updateA- · Full Cycle Update · v1.1
Rocket Lab remains the strongest execution-led public space platform, but a large CEO-trust sale, Iridium integration and financing risk, an approximately 75-times-sales valuation, and a 34% account weight make the current decision hold with no add.
2026-07-11-MATERIAL-FILINGS-REFRESH.md
2026-05-30Ready-state refreshA · Ready State Refresh · v1.1
Rocket Lab remains the strongest execution-led space platform candidate, but the current price already discounts substantial success.
2026-05-30-ready-state-refresh.md
2026-05-26Initial baselineA · Initial Baseline · v1.0
Rocket Lab is the strongest execution-led public space platform in the initial universe, with revenue growth, margin expansion, and backlog evidence supporting a core-candidate role.
2026-05-26-initial-baseline.md

risk overlay

Macro regime

Strong TrendPrice Disciplined Wait Or Staged Only2026-09-05 · unavailable 5

Credit 1/5

2Y4.3%

10Y4.8%

10Y-2Y43 bp

HY OAS265 bp

VIX14.3

Bubble17

QQQ 63D+2.0%

SMH 63D-0.5%

Shared risks

Long Duration ValuationTighten entry caps and avoid chasing when real yields or valuation-excess score rise
Credit And Project FinanceRaise evidence threshold and prefer cash/SGOV when credit stress rises
Ai Capex CycleRefresh AI cycle monitor before promoting or sizing AI infrastructure names
Space Execution And FundingRequire fresh launch mission contract or financing review before status upgrades

Review triggers

Macro Regime2026-06-14: Refresh macro regime snapshot before allocation decisions that depend on financing or broad bubble risk
Ai Cycle2026-06-14: Run or cite AI cycle monitor before decisions involving AI capex credit conditions or data-center financing
Community Scan2026-06-14: Apply decay persistence and source-quality scoring before using community heat for analysis priority
Financing2026-07-07: Refresh financing-runway scores after debt ATM convertible offering or project-finance filings

full-cycle audit

Operating runs

2026-08-272026-08-27 Event-Driven Full Operating Cycle
No Action
Hold ASTS 11 IREN 5 MDA 9 and RKLB 17; add zero sell zero buy no new security or SGOV; retain confirmed USD 8783.87 cash.
LEU / GILT / STDN / IREN / RKLB / ASTS / MDA / QTEXNo linked execution
Open run detail
2026-08-222026-08-22 Weekly Full Operating Cycle
No Action
Hold ASTS 11 IREN 5 MDA 9 and RKLB 17; add zero sell zero buy no new security or SGOV; retain confirmed USD 8783.87 cash.
LEU / GILT / IREN / MDA / ASTS / RKLB / STDNNo linked execution
Open run detail
2026-08-142026-08-14 Event-Driven Full Operating Cycle
Confirmed
Historical record: the bounded IREN starter was broker-confirmed as 5 shares at an average USD 44.01; hold RKLB 17 ASTS 11 and MDA 9; no further IREN add or other action is authorized.
IREN / MDA / RKLB / ASTS / GILT / LEU / RIOT1 ledger events
Open run detail