Core Insights - Rocket Lab achieved a record of 21 launches in 2025 with a 100% mission success rate, indicating strong momentum and customer satisfaction [2][6] - The Neutron rocket is on track to launch in the first half of 2026, which is expected to significantly expand Rocket Lab's market potential [3][9] - The recent award from the Space Development Agency enhances Rocket Lab's position as a strategic partner with U.S. government customers, solidifying its role in the space systems market [6][7] Company Developments - Rocket Lab's space systems business currently constitutes two-thirds of its operations, highlighting a shift from being perceived solely as a rocket company to a broader space systems provider [8] - The Neutron rocket is anticipated to compete directly with established players like Falcon 9 in the medium lift launch category, broadening Rocket Lab's total addressable market (TAM) [9] - The company is optimistic about the potential for data centers in space, viewing it as a strategic opportunity that could enhance its market position [11][12] Industry Trends - Increased global spending on space is expected, driven by geopolitical changes, which may lead to more opportunities for companies like Rocket Lab that provide essential services and products [15][16] - The anticipated flurry of Golden Dome contract awards could create new growth avenues for Rocket Lab, with expectations of increased activity in the coming year [13][14] - The evolving landscape of space spending, moving beyond U.S. government concentration, presents a significant growth opportunity for Rocket Lab and similar companies [16][17]

Joining us now is Andrew Obin, equity research analyst at BFA, who covers the industrial space. Welcome. >> Thanks so much.>> When you hear data centers in space, does it make you laugh, shake your head, or go, "Yeah, this is actually what's coming, and we're starting to think about the buildout for this already." >> Well, at first I thought it was bonkers. >> Yeah. >> And then when you dig in, you actually realize that there are very specific developments that are driving the narrative, >> and we think it' ...

Joining me now is Dan Hansen, senior portfolio manager at Newberger Berman, who oversees the Quality Equity Fund. It has about a 5% of its assets in unlisted shares of SpaceX as of the end of last month. And Dan, it's great to have you on.Welcome. >> Uh, thanks, Morgan. Great to be with you.>> All right, let's start there. SpaceX IPO potentially in the cards for next year. Your thoughts.>> Yeah, we think the time has come. This business, it's founded in 2002, so 23 years um in business. It's an industrial j ...

Group 1 - SpaceX plans to IPO in 2026, potentially valuing the company at $1.5 trillion, which has negatively impacted Oklo's stock [3][4] - Elon Musk intends to use IPO proceeds to develop modified Starlink satellites for building data centers in space, aiming to deploy 100 terawatts of AI data centers in orbit [4] - The shift of data centers to space could undermine Oklo's investment thesis, which relies on the assumption that small modular nuclear reactors are essential for powering data centers on Earth [5][6] Group 2 - Oklo's stock experienced a decline of over 6% in early trading but later recovered to a gain of 1.5% [1] - Oklo's current market cap is $16 billion, with a trading range between $94.50 and $102.46 [5] - The company's unprofitability may worsen if SpaceX successfully relocates data centers to space, eliminating the need for nuclear power [6]

TruePatrick OShaughnessy (@patrick_oshag):"The most important thing in the next 3-4 years is data centers in space.In every way, data centers in space, from a first principles perspective, are superior to data centers on earth.In space, you can keep a satellite in the sun 24 hours a day. The sun is 30% more intense, https://t.co/Z2ri4tLSTA ...

“There’s no doubt to me that in 10 years, we will view it as normal to build data centers in space.” - @sundarpichaiSpaceX,XAI and Tesla converge is all coming together. @elonmusk https://t.co/JMe6MBvneE ...

Group 1: AI and Technology Trends - The technology of AI is recognized as a permanent fixture in the industry, with significant implications for software development and efficiency [3][4][5] - Investment opportunities are emerging in private portfolios, particularly in infrastructure-related companies that support energy and computing needs [5][11] - The founders of new tech companies are increasingly aware of their potential to create businesses that contribute positively to society [12][20] Group 2: Investment in Startups - The company Vibe Code is focused on simplifying app development, allowing users to create applications from text prompts [6][7] - There is a growing interest in ambitious projects, such as building data centers in space, which could revolutionize computing capabilities [9][10][11] - The current generation of founders is more digitally fluent and motivated, leading to innovative ideas and business models [17][18][21] Group 3: Women's Sports Investment - Women's professional sports are seen as undervalued, with significant growth potential in team valuations and revenue generation [34][35][40] - The success of teams like Angel City FC demonstrates the viability of women's sports as a profitable investment [36][37] - The revenue model for women's sports is shifting towards brand partnerships rather than traditional media deals, creating new opportunities for growth [39][40] Group 4: Collectibles Market - The collectibles market is experiencing a resurgence, driven by nostalgia and the professionalization of the industry [43][44] - Collectibles are viewed as cultural assets, similar to art, and are gaining value as a new generation invests in them [46][48] - The impact of AI on entertainment is expected to enhance the value of sports and collectibles, as they remain unique experiences that cannot be replicated by technology [50][56][57]

Uh but whether it's cheaper to do a data center in space or not, uh there's a lot of advantages to having a data center in space, uh you have unlimited power up there, right. I mean, you have the sun, it's shining, uh 24/7, uh depending on where you're oriented in orbit. Uh so I think there is promise to do that.uh data centers on the moon have been talked about and just back to the you know the original question you asked I think low earth orbit will be commercialized but certainly the lunar environment wi ...

Cryptocurrency Supply and Inflation - Ethereum expands its monetary supply every year with an infinite rate [1] - Dogecoin also has an increasing circulating supply year-over-year [1] Comparison of Cryptocurrencies - Dogecoin has a high hurdle of three (likely referring to a percentage or ratio, but the unit is unclear) [1]