This Rocket Lab $Rocket Lab(RKLB.US) acquisition is a BIG deal and makes me really excited to continue being a shareholder.
Why?Essentially, it feels like this is another step in transforming Rocket Lab from primarily a space infrastructure company into a vertically integrated space and communications company with recurring cash flows…- Adds a global satellite network- Creates recurring, high-margin revenue. Iridium generates subscription-based revenue- Accelerates direct-to-device and space connectivityRocket Lab can now design, build, launch, and operate satellites while also owning the communications network that generates long-term service revenue…If $SpaceX(SPCX.US) SpaceX is the whole Space-Stack, then $Rocket Lab(RKLB.US) just got MUCH closer to competing with the entire stack. This company trades at a premium for a reason and has made MANY moves this year to continue justifying why they get that premium. If Commercial Space TAM with rocket launches and connectivity is in the trillions…Rocket Lab is going after every layer of that TAM with this acquisition.Source: amit
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