The ~$400B space economy is growing rapidly and today there is one company with the passion, technology, infrastructure, and scale that can potentially tango with @SpaceX.

Time for a breakdown https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏽" title="Rückhand Zeigefinger nach unten (mittlerer Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (mittlerer Hautton)">

https://abs.twimg.com/emoji/v2/... draggable="false" alt="1️⃣" title="Tastenkappe Ziffer 1" aria-label="Emoji: Tastenkappe Ziffer 1"> Rocket Lab ( @RocketLab) is positioned to deliver "end-to-end" solutions regarding the production of rockets, satellites, and assets supporting space infrastructure.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="2️⃣" title="Tastenkappe Ziffer 2" aria-label="Emoji: Tastenkappe Ziffer 2"> The company was founded by Peter Beck, who had a fascination with building rockets since childhood. This obsession has led him to create a company with the mission to make it easier to get to space and build an infrastructure that can benefit Earth.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="3️⃣" title="Tastenkappe Ziffer 3" aria-label="Emoji: Tastenkappe Ziffer 3"> The company has the potential to be a leader in targeting $62B out of the $368B space economy. The market from the company& #39;s view is divided in the following categories:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Launch: $10B
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Space Systems: $20B
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Space Applications: $32B

https://abs.twimg.com/emoji/v2/... draggable="false" alt="4️⃣" title="Tastenkappe Ziffer 4" aria-label="Emoji: Tastenkappe Ziffer 4"> To operate in this space the Rocket Lab is equipped with the following strategic assets:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Electron Rocket: powered by the world’s first 3D printed rocket engine.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Neutron Rocket: medium-sized rocket with 8-ton capacity (~220 satellites per launch)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Launch Infrastructure

https://abs.twimg.com/emoji/v2/... draggable="false" alt="5️⃣" title="Tastenkappe Ziffer 5" aria-label="Emoji: Tastenkappe Ziffer 5"> Utilizing the strategic resources will create the following moats:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💪" title="Angespannter Bizeps" aria-label="Emoji: Angespannter Bizeps">Technology: 18 launches to space, 97 satellites deployed to orbit
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💪" title="Angespannter Bizeps" aria-label="Emoji: Angespannter Bizeps">Vertical Integration: 90% of its production from rockets, satellites, space components, and launch sites
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💪" title="Angespannter Bizeps" aria-label="Emoji: Angespannter Bizeps">SpaceX, NASA, AirForce talent

https://abs.twimg.com/emoji/v2/... draggable="false" alt="6️⃣" title="Tastenkappe Ziffer 6" aria-label="Emoji: Tastenkappe Ziffer 6"> These moats fuel the companies growth ambitions in the following areas:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Building the Neutron Rocket and pursuit supply chain acquisitions with $745M in cash post-merger
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚀" title="Rakete" aria-label="Emoji: Rakete">Expand their space system capabilities utilizing personal satellites for services by customers

https://abs.twimg.com/emoji/v2/... draggable="false" alt="7️⃣" title="Tastenkappe Ziffer 7" aria-label="Emoji: Tastenkappe Ziffer 7"> However, the company does have a variety of risks as it pursues growth:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal">SpaceX is their largest competitor. Astra, Virgin Orbit, and Relativity Space are also present.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal">Neutron Rocket Production: $200M investment expected to be live by 2024
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚠️" title="Warnsignal" aria-label="Emoji: Warnsignal">Supply Chain risks

https://abs.twimg.com/emoji/v2/... draggable="false" alt="8️⃣" title="Tastenkappe Ziffer 8" aria-label="Emoji: Tastenkappe Ziffer 8"> Now, to date the company is one of the few that has shown execution and revenue from the new space players:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Revenue 2020A: $35M | 2025E: $749M – 115% CAGR
- $69M this year and has $2.2B in the pipeline
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">Profitable by 2023 achieving a 22% margin
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✔️" title="Fettes Häkchen" aria-label="Emoji: Fettes Häkchen">FCF positive by 2024

https://abs.twimg.com/emoji/v2/... draggable="false" alt="9️⃣" title="Tastenkappe Ziffer 9" aria-label="Emoji: Tastenkappe Ziffer 9"> At the proposed valuation of $4.1B Rocket Lab has the infrastructure and technology assets to become leaders in the space.

They ensure launch on-demand services, frequent launches, tailored orbits, and the ability for the customer to control their schedule.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔟" title="Taste 10" aria-label="Emoji: Taste 10"> As an investor in the Space economy, you start measuring success by the number of launches and the number of satellites that it deployed to space.

Will Rocket Lab $VACQ be able to dance in the shadow of SpaceX?

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