Trader @nft_hu said on X that the reasons for buying RKLB included continued confidence in the company’s fundamentals, a pullback to a suitable price level, and completion of ATM financing. According to Odaily, Rocket Lab reported record second-quarter revenue of $234 million, up 62% year over year, with backlog reaching $2.36 billion.

Electron completed its 96th mission on September 19, the company’s 17th mission this year. The trader also said Rocket Lab had largely secured funding for its $8 billion acquisition of Iridium and completed ATM financing on September 15, raising about $190 million. The risks mentioned included a narrowing window for the first flight of its medium-lift rocket this year.