Rocket Lab is facing near-term pressure from a potential Neutron launch delay, but the company also announced a major expansion of its launch infrastructure with the new GHOST system. 🚀 Key Highlights Neutron launch risk: Rocket Lab’s first Neutron launch may slip into 2027. The company still targets delivery to the launchpad in Q4 2026, but the window for a 2026 flight is narrowing. GHOST launch system: Rocket Lab unveiled GHOST, a containerized, deployable launch system designed to support Electron and HASTE missions from locations around the world. Alaska expansion: The first GHOST site will be at Launch Complex 4 in Alaska, adding two launch pads and expanding Rocket Lab’s network to six launch pads. The first GHOST suborbital mission is targeted for 2027. National security focus: GHOST is designed to strengthen responsive launch capabilities, particularly for time-sensitive and national-security missions. Strong Q2 performance: Revenue reached a record $234.1M, up 62% YoY, while backlog climbed to a record $2.36B. 📌 Investor Takeaway The Neutron timeline is the main near-term risk for RKLB, as a 2027 debut could delay its entry into the medium-lift launch market. However, strong revenue growth, record backlog and the new GHOST launch infrastructure highlight Rocket Lab’s broader expansion across commercial and national-security launch services. Key Catalyst: Investors will closely watch Neutron development milestones and progress toward the Q4 2026 launchpad target, while GHOST’s planned 2027 deployment could provide another long-term growth catalyst.