 Dear Friend, Your mortgage rate, your car loan and your savings rest on one assumption: that the world keeps buying American debt. They stopped. China held $1.32 trillion of U.S. Treasury debt at the peak. Today, roughly $659 billion. An 18-year low. That money went into gold. Beijing's central bank has bought gold 20 months straight, its longest streak in a decade. Goldman Sachs ran the London flows and put China's real buying at 4.8 times the official figure. And the European Central Bank confirmed what has not been true in generations: gold has overtaken U.S. Treasury bonds as the world's #1 reserve asset. 27% gold. 22% our debt. The world's most conservative money is not hedging the dollar. It is leaving it. When foreign buyers stop absorbing our bonds, your rates rise and the interest bill eats the budget. You feel it at the pump and the grocery store. Washington's counterattack is already signed, funded and filed, with one small American gold company at the center of it. See Washington's counterattack here >> "The Buck Stops Here," Kelly Maguire Behind the Markets
Additional Reading from MarketBeat
Rocket Lab Lands a Wave of Contracts Ahead of EarningsSubmitted by Ryan Hasson. First Published: 8/6/2026. 
Key Points
- Rocket Lab secured three major contracts in under two weeks, including a $397 million Space Force award and a record $266 million launch deal, ahead of its Aug. 10 earnings report.
- Investors should watch for updates on revenue growth, backlog size, and the Neutron rocket's development timeline, which remains on track for a fourth-quarter 2026 debut.
- Despite a more than 50% drop from its May high and a rich valuation exceeding 70 times trailing sales, analysts maintain a Moderate Buy rating with 48% implied upside.
- Special Report: Trump once publicly defended this company
Rocket Lab (NASDAQ: RKLB) has spent the past two weeks doing exactly what a company wants to do heading into an earnings report: winning business. After a brutal correction that saw the stock fall more than 50% from its May high, a rapid succession of major contract awards has put the spotlight back on the fundamentals. The stock jumped 5.75% on Tuesday to close at $74.48, and with Q2 results due on Aug. 10, the timing of these wins could hardly be better. A $397 Million Space Force AwardThe largest of the recent wins landed Monday. Rocket Lab announced a $397 million contract from the U.S. Space Force under the Space-Based Airborne Moving Target Indicator, or SB-AMTI, program. The award was part of a larger $615 million allocation split among three companies, and Rocket Lab took the lion's share.
Under the deal, the company will develop, launch, and operate multiple next-generation "Flatellites", flat satellites optimized for large constellations and carrying space-based sensors designed to detect and track airborne threats in real time. Critically, those satellites will fly on Rocket Lab's upcoming Neutron rocket, adding a marquee national security customer to Neutron's manifest before the vehicle has even flown. A Record $266 Million Launch ContractJust days earlier, on July 27, Rocket Lab secured what it called the largest launch contract in company history: a $266 million agreement with the U.S. Space Force for 12 dedicated suborbital launches supporting missile defense, with options for six more. The missions will primarily fly from Rocket Lab's new Pacific Spaceport Complex in Kodiak, Alaska, expanding the company's growing launch footprint. The contract is a powerful signal of the government's confidence in Rocket Lab's ability to deliver responsive, high-cadence launch capability for urgent national security needs. A Commercial Win, TooThe momentum has not been limited to defense. On July 30, Rocket Lab announced a multi-launch deal with Japanese Earth-imaging company iQPS for three dedicated Electron missions. The agreement underscores the continued strength of Rocket Lab's core Electron business, which remains the world's second-most-active launch vehicle, even as the company pushes into larger and more strategic programs. Together, these three awards in under two weeks reinforce a business winning across commercial, civil, and national security markets simultaneously. What to Watch on Aug. 10With the contract news setting a positive tone, attention now turns to the Q2 report. Investors should focus on several things. First, revenue versus guidance. Rocket Lab posted record Q1 revenue of $200.35 million, up 63.5% year over year, and the market will want to see that growth trajectory continue. Second, backlog. The figure stood at a record $2.2 billion last quarter, and the recent contract haul should push it meaningfully higher—one of the clearest reasons to tune in. Third, and most important, Neutron. The medium-lift rocket remains on target for its debut in the fourth quarter of 2026, and CEO Peter Beck has cited flight hardware reaching the test stands as the key marker of progress. Any update on that timeline will move the stock. Finally, investors will want commentary on the pending $8 billion Iridium acquisition, which is expected to close in mid-2027 and would transform Rocket Lab into a vertically integrated space company with a recurring-revenue satellite network. The Setup Into the PrintThe backdrop remains a study in contrasts. While the stock is back in positive territory for the year, it remains below a flattening 200-day simple moving average. The new support area the bulls will need to defend going forward is July's low near $60, which has formed a major support level across higher time frames. Rocket Lab still trades at a rich valuation, at more than 70 times trailing sales, and is not yet profitable. That is precisely why the stock corrected so sharply alongside the broader space sell-off. Yet the consensus rating among 22 analysts remains Moderate Buy, with an average price target of $110.29, implying nearly 48% upside from current levels. The recent flurry of contract wins does not resolve the valuation debate, but it does answer the more important question of whether demand for Rocket Lab's services is real and growing. Heading into Aug. 10, the business is executing at a high level, and the order book is the proof. Now the earnings need to match the momentum. . |
Tidak ada komentar:
Posting Komentar