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Story summary
- Cathie Wood bought over 1 million Rocket Lab shares for about $44.5 million.
- Rocket Lab posted a $49.2 million net loss and $371 million negative free cash flow YTD.
- Berenberg started coverage with a Buy rating, $83 price target, citing a booming space economy.
- Rocket Lab’s Q2 revenue reached a record $234 million, up 62 % year over year.
- A U.S. Space Force contract lifted Rocket Lab’s backlog to $2.3 billion.
