Policy v1.1

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 ledgerAccount 2026-07-11 · valuation 2026-07-09

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.

Last valued equity

$3,202

Total return

-9.9%

Sharpe

1.28

Max drawdown

12.1%

Confirmed operations

Positions

confirmed data

Equity curve

Portfolio equityLatest$3,201.61Range +260.5%

View May 30 - Jul 919 points4 plotted event daysDashed deposits

cash and capital

Account balance

Confirmed cash$1,873.58

Cumulative deposits$3,552.00

Last valued equity$3,201.61

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	$73.32	$806.52	-$58.59	-6.8%
RKLBNasdaq	17	$100.08	$81.04	$1,377.68	-$323.63	-19.0%

ASTSNasdaq-6.8%

Shares: 11
Value: $806.52
Avg cost: $78.65
Last price: $73.32
P/L: -$58.59

RKLBNasdaq-19.0%

Shares: 17
Value: $1,377.68
Avg cost: $100.08
Last price: $81.04
P/L: -$323.63

append-only ledger

Operation history

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: $81.04 · 2026-07-10
Baseline: 2026-05-30
Latest stance: A-

Full brief TradingView StockAnalysis

Market cap$46.9B

EV/S67.3x

P/EN/M

Revenue$679.6M

Rev growth+45.8%

Gross margin36.6%

RSI 1431.0

52w pos38.3%

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$81.04 · 2026-07-10

-25.1%

1D-1.8%5D-19.3%

1DExtended hours when available · exchange time

Thesis

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.

Upside path

Compound Electron, space systems, Neutron, defense missions, and a successfully integrated Iridium network into a broader space infrastructure platform.

Risk watch

Iridium financing and approvals, integration, Neutron delay, low-price equity issuance, margin and backlog conversion, insider overhang, and account concentration.

Next check

Iridium financing or approval update, Neutron update, material equity issuance, or price dislocation.

Analysis history

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

Macro Data IncompleteRefresh Sources Before Macro Sensitive Decision2026-07-13 · unavailable 10

Credit 1/5

2Y4.2%

10Y4.5%

10Y-2Y38 bp

HY OAS270 bp

VIX15.0

Bubble12

QQQ 63DNot enough data

SMH 63DNot enough data

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

2026-07-132026-07-13 Full-Cycle Decision
No Action
Hold 17 RKLB and 11 ASTS; buy zero; sell zero; retain confirmed USD 1873.58 cash.
RKLB / ASTS / LEU / INFQ / IQMXNo linked execution
Open run detail
2026-07-122026-07-12 Full-Cycle Decision
Embargoed
Public-safe research summary; confirmed cash remains USD 1873.58; hold 17 RKLB and 11 ASTS; no confirmed execution; current private allocation terms withheld.
RKLB / ASTS / LEU / RGTI / SMR / AAOINo linked execution
Open run detail
2026-07-112026-07-11 Full-Cycle Decision
No Action
Confirmed USD 888 deposit recorded; hold RKLB and ASTS; buy zero shares; sell zero shares; retain USD 1873.58 cash.
RKLB / ASTS / LEU / BE / MDA / GILT / IQMX / NNE / HQ / NUCL / QBTS / QUBT1 ledger events
Open run detail