J🅰️mesMcGr🅰️w - #SPACE $ASTS

PhD in Artificial Intelligence, developing new technology that helps AI systems solve problems and make decisions. Investing in the space economy. NFA. $ASTS

[J🅰️mesMcGr🅰️w - #SPACE $ASTS @JenLovesNSFW_AI]

@uphillmarket_ @ValueInIdeas True, but valuation multiples reflect both expected growth & quality/ predictability of that growth

By 2030, rev. growth should still be very strong while revenue visibility/confidence in execution should be significantly higher. I’d expect valuation multiples to remain elevated

[ValueOverPrice @ValueInIdeas]

$RKLB

$6.2 billion in revenue by 2030 for Rocket Lab sounds good to me, tbh.

At roughly today's P/S multiple, that would put RKLB at around $310 per share.

[ValueOverPrice @ValueInIdeas]

$RKLB

If only Rocket Lab had deep customer relationships in Japan... Oh wait.

[Shay Boloor @StockSavvyShay]

$RKLB just cleared a key design review for the 18 satellites it is building for the U.S. Space Development Agency’s Tracking Layer.

That moves Rocket Lab another step closer to deploying satellites designed to detect and track missile threats for the U.S. and its allies.

[ValueOverPrice @ValueInIdeas]

$RKLB

If Japan further expands its ambitions in space, I think RKLB will be perfectly positioned to benefit.

Rocket Lab CFO Adam Spice:

"We've got very deep customer relationships here in Japan. In fact, some of our largest customers are here."

"Of course, JAXA (Japan Aerospace Exploration Agency) was a very meaningful milestone for us"

[sean @Gykiwi03]

$RKLB 🌏🇳🇿🇺🇲🇦🇺🇩🇪🇨🇦🇯🇵🇰🇷🇬🇧🇪🇺👻...

These new job listing signify that Rocket Lab is developing its own in-house Synthetic Aperture Radar (SAR) and Radar payloads. 🔥🛰

[Peter Beck @Peter_J_Beck]

Flight 94. Can’t wait for 100.

[Rocket Lab @RocketLab]

Liftoff for Electron for the 94th time.

Today's 'Owl Around The World' mission for @synspective by the numbers:
🎯15th launch of the year with 100% mission success
🛰️11th StriX satellite deployed by Electron
🚀16 more missions for @synspective before 2030

[ValueOverPrice @ValueInIdeas]

$RKLB

Absolutely loved this new Rocket Lab video explaining Neutron and how it will fly!

Great to see even more details about the vehicle. Really exciting stuff!

[ValueOverPrice @ValueInIdeas]

Full interview: https://t.co/Rt1WpFSucj

[Rocket Lab @RocketLab]

We're ready for launch with our 94th Electron and latest mission for @synspective 🚀 The next StriX satellite for their Earth-imaging constellation is integrated, encapsulated, and scheduled for liftoff on Electron in T-8 hours.

'Owl Around The World' launch window opens:
🚀11:00 pm NZST
🚀11:00 UTC
🚀8:00 pm JST
🚀7:00 am EDT
🚀4:00 am PDT

[ValueOverPrice @ValueInIdeas]

$RKLB

New bullish interview from last night!

"The plan is to have [Neutron] on the pad and launch by the end of the year." 👀

"[Iridium acquisition] is all following normal process. So it's generally 12 and 18 months to close a deal of that magnitude. But we have no current issues."

— Rocket Lab CEO Sir Peter Beck

[Molly O’Shea @MollySOShea]

WAIT! There's more..

Tour 02: Rocket Lab "Engine Development Center"

@Peter_J_Beck shows us Archimedes

Out tmw.

[Space Investor @SpaceInvestor_D]

$RKLB: Peter Beck explains why Rocket Lab's Archimedes engine is built to be a workhorse.

"The qualification burn time for an Archimedes engine is 1 hour.

The engine has to do 40 starts and run for 1 hour."

[Molly O’Shea @MollySOShea]

BREAKING: @Peter_J_Beck says @RocketLab is getting a massive new 3D printer next year that can print an entire Archimedes engine in 1 print.

“We're the first customer of it in the world.”

[Molly O’Shea @MollySOShea]

BREAKING: Inside Rocket Lab's ( $RKLB ) Engine Development Center

How Archimedes & Rutherford are made

FACTORY TOUR (Part III)

Sir @Peter_J_Beck walks us through @RocketLab's engine factory in Long Beach, CA. It used to be Sir Richard Branson's $1.2B Virgin Orbit's facility. When it went bankrupt, Rocket Lab bought the building & every machine in it for $16M against over $100M of assets.

I asked if he keeps a list of which companies might d*e next.. he said yes.

Roughly 10 people now run one of the largest 3D print shops in the industry, turning out a Rutherford engine every day and an Archimedes every 8 days.

We cover:
› Buying a competitor's factory for 16 cents on the dollar
› Why space companies are almost impossible to k*ll
› Why Archimedes was designed to be the most boring engine possible
› Why it qualifies on 1 hour of runtime & Rutherford on 5 minutes
› The hot fire that ate its own injector and kept running

Plus: whether investors are any good at space diligence, methane vs kerosene & the soot problem, the machine arriving next year that prints a whole engine in one go, & Beck's hot take on where the industry actually is.

Rocket Lab Week:
› Part I: Full interview w/ Sir Peter Beck
› Part II / Tour 01: Rocket Lab HQ, Mission Control & Satellite Manufacturing
› Part III / Tour 02: Rocket Lab’s Engine Development Center, Rutherford & Archimedes

𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Sir Peter Beck, Founder & CEO at Rocket Lab
(00:48) Buying a $100M building for $16M
(02:30) Why Space companies never die
(04:15) Where Rocket Lab's engines actually get built
(06:55) Biggest differences: Archimedes & Rutherford
(07:56) This is where Rocket Lab actually tests its Engines
(10:01) How 12 lasers print a Rocket engine part
(15:04) A full walkthrough of the Electron Rocket
(16:29) Why Iridium was just the beginning
(18:35) Methane vs. Kerosene: why it matters
(19:28) Why Reusability creates its own set of problems
(24:17) What makes a Vacuum Engine different
(26:39) The future of Space

[Molly O’Shea @MollySOShea]

Rocket Lab's Electron rocket is the “2nd-most frequently launched rocket in the world behind SpaceX’s Falcon 9"

“This is the rocket we fly the most of right now. It's flown 93 times.”

“We build everything in this vehicle. Every piece of hardware, every piece of software, tanks, engines, you name it—we build it.

One of the key successes of the company is that vertical integration.”

CEO @Peter_J_Beck @RocketLab $RKLB

[Molly O’Shea @MollySOShea]

BREAKING: Inside Rocket Lab ( $RKLB ) HQ

Tour in Long Beach, CA w/ Sir Peter Beck

FACTORY TOUR (Part II)

Rocket Lab reached space in 2009 on ~$60,000 in total capitalization, using fittings pulled out of a junkyard.

"From that adversity, comes good ideas"

Electron reached orbit in 2017 on <$100M w/ 80 people. Meanwhile, their nearest competitor, billionaire-founded Virgin Orbit, burned $1.2B & went bankrupt.

@RocketLab now runs 13 acres of factory across 9 locations, globally.

But before any of that, with dream of reaching space, @Peter_J_Beck applied to NASA:

"I was objectively too dumb & also a foreign national. So foreign national, no degree, it wasn't looking good."

NASA turned him down. He ended up launching their payloads instead, including CAPSTONE to the Moon, NASA's lunar pathfinder for Artemis, which operated out of the mission control room we walked through.

We cover:
› The $3.20 ferrules that got Rocket Lab to space
› Why $100M & 80 people beat $1.2B at Virgin Orbit
› Going public as a succession plan, not a financing event
› Why a reaction wheel is a moat
› The reality of buying companies

Plus: the 2001 lobby, his take on "number eight wire," the CAPSTONE spare that stayed home, 12-year missions that cannot fail, & where new space entrants actually die.

Check out the rest of the series:
› Part I: Full sit-down interview w/ Peter Beck
› Part II: Tour 01 - *This episode*
› Part III: Tour 02 - Engine Development Center (Friday)

𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Touring inside Rocket Lab HQ
(01:44) The origin story
(05:45) What "Number Eight Wire" actually means
(07:14) Too much Capital can kill a startup
(09:03) Why Rocket Lab decided to go public
(10:45) From Rockets to an entire Space Ecosystem
(15:11) Where Escapade & CAPSTONE were flown
(16:44) Inside the satellite build floor
(17:15) In search for life on Venus
(18:08) Inside the Electric Propulsion Lab
(19:58) Inside the Thermal & Shock Testing Facility
(20:47) How big is this facility?
(21:45) Inside the NASA LOxSAT project
(23:06) Why so many Space startups fail
(24:00) Up Next: Inside the Engine Lab

[Rocket Lab @RocketLab]

Peter Beck and @MollySOShea, part 1 📺

Tune in for detailed insights into Rocket Lab's acquisition strategy, Neutron's development process, and why Electron looks they way it does...

[Molly O’Shea @MollySOShea]

"Even if we lose, we still win. And when we win, we win twice."

Rocket Lab's $800M SDA contract turned into over $1B because the two other primes that also won still had to buy Rocket Lab parts:

"We'll go head-to-head with a prime for a contract, & if we lose, then the next day there's a whole bunch of purchase orders for reaction wheels, solar, & a whole bunch of stuff."

— CEO Sir @Peter_J_Beck