Rocket Lab Doubled, But The Real Lift-Off Is Ahead

Core Insights - The article discusses Rocket Lab's transition from a pure small-launch business to a vertically integrated space system, highlighting the strategic shift in its business model [1]. Group 1: Company Overview - Rocket Lab is evolving its business model to become a vertically integrated space system, moving beyond just small-launch services [1]. Group 2: Investment Perspective - The author emphasizes a disciplined, fundamentals-first investment approach, focusing on identifying mispriced quality companies and resilient business models [1].