Thinking about investing, what are your guys bear cases? And have I missed the run?

I'm invested in RKLB and LUNR, I've seen great gains in RKLB but not LUNR yet.

Saw on a reddit post that Planet Labs does software and satellites and thought it would be a good addition to my portfolio.

I bought 5 shares before earnings and I'm just wondering, what are your guys bear cases? Have I missed the run? What are some catalysts that I can be on the lookout for?