To The Moon

$Rocket Lab USA, Inc.(RKLB)$ Has anyone seen the WSJ piece about launch service demand outstripping supply through 2030? Apparently SpaceX has stopped selling shared space on Falcon, and companies can't seem to book any more Falcon launches after 2028. I added some more RKLB today. From where I stand, this looks extremely bullish for RKLB.

$Rocket Lab USA, Inc.(RKLB)$  Just picked up another 1,000…here for the long haul.

$Rocket Lab USA, Inc.(RKLB)$ Just enjoy the 8% gain for the day. Stop worrying about day-to-day price targets. The company has never been stronger, even when it was at $150. Know what you own.

$Rocket Lab USA, Inc.(RKLB)$ $AST SpaceMobile, Inc.(ASTS)$ Hopefully the rest of the space sector can hold onto the gains and not get dragged down by SPCX right now.

$Rocket Lab USA, Inc.(RKLB)$  Back above the 10/21 MAs. Watching to see if it can push through and hold above the 50 MA.

One thing I don't think the market is fully appreciating yet is the potential valuation impact of combining $Rocket Lab USA, Inc.(RKLB)$  with Iridium. Iridium currently trades at a much lower revenue multiple than RKLB. In M&A, though, the combined company doesn't necessarily trade at a simple weighted-average multiple. One reason companies with premium valuations pursue acquisitions is the potential for multiple arbitrage: applying a higher consolidated multiple to a larger revenue base. Using simple numbers: • RKLB standalone: ~33.6x NTM sales • Iridium: ~5.2x (~8x using acquisition metrics) • Combined NTM revenue: ~$2.15B I wouldn't expect the combined company to maintain RKLB's full 33.6x multiple. But even at ~25x sales, the implied

$Rocket Lab USA, Inc.(RKLB)$ Anyone else think after-hours could be a blast, with $70+ before it's all over?

$Rocket Lab USA, Inc.(RKLB)$  247wallst sees RKLB at a $330 share price in 2030 if everything goes as planned. Even half of that would be fine, but I would take the full number.

$Rocket Lab USA, Inc.(RKLB)$  How many people are going to sell their shares for a small profit, when most of us know we are on track to double this and more?

$Rocket Lab USA, Inc.(RKLB)$  $Planet Labs Pbc(PL)$ Happy I kept adding over the past couple months. Prices are still incredibly depressed, and five years from now I think these will be up 5x.