Daily Earnings: Startups reject the asset-light playbook | RKLB, HIMS, ASTS | Aug 10

Exhausted by global supply chain bottlenecks, high-growth companies are pouring massive capital into insourcing their operations and physically owning their hardware.- Hims & Hers opened a domestic lab to physically synthesize its own pharmaceutical ingredients locally.- Rocket Lab is acquiring 66 satellites to pivot from launching rockets into providing direct telecom.- Automated AI bots are now successfully handling eighty percent of incoming customer inquiries at HIMS.Despite rapid top-line scaling, Wall Street actively punished these intensive working-capital requirements, trading both RKLB and HIMS down on the news as short-term free cash flow plummeted.