Good morning. You've got the mission still underway, but how significant are the milestones that it's already achieved. Hi, good morning.So the you know, the Artemis two spacecraft, it managed to reach a maximum distance from Earth of over 250,000 miles. And that has beaten record that has stood still for over 55 years. And all in all, when you look at how the astronauts now have managed this mission so far, they managed to get as close as you said, 4067 miles from the moon's surface. So a pretty cool view ...

OUR COVERAGE OF THAT HISTORIC LAUNCH WITH OUR TOM COSTELLO. >> SEVEN. RS-25.FOUR, THREE, TWO, ONE. BOOSTER IGNITION AND LIFTOFF. THE CREW OF ARTEMIS II NOW BOUND FOR THE MOON, HUMANITY'S NEXT GREAT VOYAGE BEGINS.>> Reporter: ROARING OFF, THE FIRST TEST FLIGHT OF THE ARTEMIS GENERATION. >> GOOD PERFORMANCE. >> Reporter: NEVER BEFORE HAS A ROCKET SO POWERFUL LIFTED OFF FROM THE KENNEDY SPACE CENTER WITH HUMANS ON BOARD.>> INTEGRITY, THREE MILES IN ALTITUDE, TRAVELING MORE THAN 1200 MILES PER HOUR. >> Reporter ...

Tonight, in the skies over us here in Florida and then Georgia and beyond, a reason to look up. For the first time in more than 50 years, man is headed to the moon. And America at the forefront of the new space race.Now, instead of the Soviets, the US trying to get ahead of China, who is aiming to land on the moon by 2030. If Artemis 2 is successful, that could mean more missions and maybe, just maybe, an American will walk on the moon once again in just two years. Some say that's too ambitious, an impossib ...

And set the scene for us. What's going on around you and where are these astronauts as they do make their way to the vehicle to head out, head to the launch pad. Yeah.The crew left Kennedy Space Center in the last 15 minutes. They got into their modified what's essentially an all of the lunar bus and now on their way to the pad. And it's so difficult.There's no certainty in space, guys. Right. Especially when human life is involved. And this is a human crew.But everything is tracking, you know, the fueling ...

And why is this such a critical moment or a critical test for NASA's SLS. Yeah. It's a dress rehearsal for the systems, Right.The slow less rocket system developed by Boeing, the Orion spacecraft developed by Lockheed Martin. It's only launched once before in 2022 and has never launched with humans on board. It is a project that is overbudget and behind schedule.But if we go today, within the two hour window, starting at 6:24 p. m. Eastern time, it is the first time not only that America and NASA and the wo ...

RT Amy (@_SFTahoe)Changing Fiction to RealityThe Space Race will force us to drop the word “fiction” from so many things that used to be just sci-fi.Case in point: Tesla’s Optimi becoming Von Neumann probes that can replicate themselves using raw materials found in space.NOTE: Wall Street only includes Tesla’s Earth-based business in its forecasts & valuations. ...

Core Insights - Rocket Lab reported a strong FY2025 with $602 million in revenue, a 38% year-over-year increase, and a non-GAAP gross margin expansion to 44.3% from 34% [1] - Intuitive Machines reported Q3 2025 revenue of $52.4 million, down 10.4% year-over-year, but is pursuing an $800 million acquisition of Lanteris Space Systems to significantly increase its revenue base [1] - Rocket Lab has a record backlog of $1.85 billion, including an $816 million contract for the Tracking Layer Tranche 3 program, while Intuitive Machines aims to transition into a multi-domain space prime through acquisitions [1] Company Performance - Rocket Lab's Q4 revenue was $179.65 million, contributing to its record annual revenue [1] - Intuitive Machines' revenue decline highlights its current challenges, but the acquisition of Lanteris could push combined revenue above $850 million [1] - Rocket Lab executed 21 missions in FY2025 with a 100% success rate, showcasing its operational efficiency [1] Strategic Initiatives - Rocket Lab is focusing on organic growth through vertical integration and defense contracts, positioning itself as a credible defense prime [1] - Intuitive Machines is attempting to build its platform through acquisitions, with the Lanteris deal being a pivotal move for its future [1] - Rocket Lab's Neutron rocket, crucial for larger payloads, faced a setback with a test failure, delaying its first launch to Q4 2026 [1] Market Positioning - Rocket Lab's growth strategy emphasizes scaling satellite manufacturing and launch cadence, while Intuitive Machines is in a transitional phase as it integrates Lanteris [1] - The two companies represent different operational stages: Rocket Lab has built its capabilities organically, while Intuitive Machines is focused on acquisition-driven growth [1]

In 2025, China set a new national record for orbital launches in a single year. The country has now landed a rover on the surface of Mars, completed its own low Earth orbit space station, and returned the first ever samples from the far side of the moon. We've seen multiple statements from President Xi and what he calls China's space dream, and they see space and AI as two of those sort of industries that are going to help lead and catapult China to become a global leader.The pace and focus on space in Chin ...

This excitement, I think about new shepard, especially because Katy Perry went to space and for civilians who maybe want to have that moment like mark bezos had to. Do you think you'll go back to that at some point. Is it really just a pause.I think we will. I think there's still you know, we had multiple years of backlog and that was the easiest ticket to sell, was that. And so I think we'll likely go back into that into that business.But again, at the moment in time right now, it just makes more sense to ...

Financial Performance - Revenue for the quarter was $3.2 billion, reflecting normalized growth of 3% year-over-year [7][20] - Adjusted EBITDA was $263 million, with margins of 8.1%, representing a 40 basis points year-over-year increase [20] - Adjusted diluted earnings per share increased by 6% year-over-year to $0.54 [20] Business Line Performance - Digital Solutions segment generated revenue of $1.34 billion, a 4% increase, with adjusted EBITDA of $103 million and margins of 7.7% [20] - Global Engineering Solutions reported revenue of $1.9 billion, with adjusted EBITDA of $160 million and margins of 8.4% [20] Market Performance - The company secured $3.3 billion in net bookings, resulting in a book-to-bill ratio of 1x for the quarter and 1.1x for the last 12 months [8] - The backlog grew by 4% to over $47 billion, with $23 billion in proposals awaiting award [8] Company Strategy and Industry Competition - Amentum is focused on three accelerating growth markets: space systems and technologies, critical digital infrastructure, and global nuclear energy [12] - The company aims to prioritize higher-margin work and has seen robust demand in nuclear energy, with nearly $1 billion in awards in the first quarter [9][39] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal year 2026 outlook and long-term strategic growth objectives despite challenges from the government shutdown [5][16] - The company anticipates strong free cash flow in the second quarter and reaffirms full-year guidance for revenue and adjusted EBITDA [24][25] Other Important Information - The company has a healthy liquidity position with $247 million in cash and an undrawn $850 million revolver [22] - Amentum received a credit rating upgrade from Moody's, reducing interest expenses and enhancing financial flexibility [23] Q&A Session Summary Question: Free cash flow progression and potential receivables sales - Management noted that Q1 cash performance was impacted by timing-related factors, with expectations for strong free cash flow in the second quarter [28][29] Question: Award outlook by end market - Management highlighted an increase in funded backlog and expressed confidence in achieving a full-year book-to-bill greater than one [33][34] Question: Nuclear business impact on revenue and profit growth - Management indicated that while nuclear contracts will take time to significantly impact quarterly results, they expect positive contributions on a year-over-year basis [38][39] Question: Impact of joint ventures on cash flow - Management clarified that the large contributions to equity method investments in Q1 were due to initial capital contributions for joint ventures, which are expected to normalize [45] Question: Opportunities and challenges in NASA contracts - Management expressed excitement about supporting NASA's Artemis II mission and emphasized alignment with new leadership's goals for cost and schedule efficiency [81][84]