(https://www.cnbc.com/2026/06/30/blue-origin-explosion-launchpad.html) after an explosion is being framed as a tactical pivot. But for launch-dependent businesses like RKLB, this signals something worse: the capital intensity of space infrastructure compounds every operational misstep into balance sheet damage. A redesigned pad means delayed launches, compressed revenue recognition, and refinancing pressure exactly when debt capital is tightening.

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