$Rocket Lab USA, Inc.(RKLB)$ Here's why it's moving after hours. Rocket Lab just posted news on their website about a $90 million contract award from the U.S. Space Force's Space Systems Command. They're tasked with designing and building two geostationary satellites that will host the Heimdall space domain awareness payload. This marks their first satellite production program for GEO. They'll act as the prime contractor and handle everything end-to-end: spacecraft design and manufacture, integration of the in-house Heimdall optical payload, launch integration, and on-orbit operations for up to five years. The satellites will be built on their Lightning bus, which is already in production for other programs. This contract builds on a previous
$Rocket Lab USA, Inc.(RKLB)$ Investors know this is significant for Rocket Lab. We can acquire what we need to reach the next level—competing with and surpassing SpaceX. Rocket Lab has the leadership, drive, and elite technology to be at the top of the space industry; they just need the capital to get there. What Rocket Lab has achieved with the funds they've had, compared to SpaceX's seemingly unlimited cash supply, is truly impressive. Anyone who can't see Sir Peter Beck's vision can go and invest in SpaceX instead. I'd much rather keep investing here with RKLB.
$Rocket Lab USA, Inc.(RKLB)$ Honestly, I think CFO Adam is the best CFO Rocket Lab has. We're talking about needing a sea of money for new innovations, acquisitions, and so on. A $3B ATM offering, to me, looks like very good timing, similar to how it's been done before. An At-The-Market offering isn't “classic dilution” like a traditional secondary. It's more like an ongoing equity “dribble out” program, rather than selling a big discounted block to institutions all at once.
$Rocket Lab USA, Inc.(RKLB)$ Anyone who has held this stock for the past couple of years knows that Sir Peter and his partner Adam are driving the company's growth with a high level of genius. Honestly, the portfolio might take a temporary hit, but this opportunistic move will only accelerate their plans to make Rocket Lab a dominant competitor in the space industry. Long-term investors will reap the rewards.
$Rocket Lab USA, Inc.(RKLB)$ I really don't get why they keep selling RKLB with a SpaceX IPO on the horizon. They're going to lose out big time. Keep it coming, I'm still adding a little every day.
$Rocket Lab USA, Inc.(RKLB)$ Added to the position today. I alerted my advisor at $117.00, but the order wasn't filled until $123. Oh well, if it reaches $150 and beyond, I won't dwell on it. It's now the largest position in my portfolio, just surpassing AMD and NVDA. These three together make up about 14% of the portfolio.