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Goa is where you can enjoy water sports or activities, never-ending parties over a beach, and many more. It is a small state in India renowned for being the party capital. At these places, people like to play volleyball near a beach, go horse riding, and so on.
There are many companies in India that provide a break from the heavy workload to our employees and take the whole team to many places. If you are one of those lucky peoples and you and your organization is planning a Goan trip. Then you are at the right place. Here, I am going to discuss Wihte Flower Resort, the best place for Corporate offsite tours in Goa.
About White Flower Resort In North Goa
There are several numbers of resorts in North Goa. White Flower Resort is known for its beauty, which contains the theme of white flowers, and the location of this cottage in north Goa is excellent. It is near Vagator Beach, famous for late-night notorious rave parties, flea markets, and more.
Reasons to Choose White Flower Resort
• Luxurious Amenities: In this cottage in north Goa, you will get all the luxury amenities like an air conditioner, tv, and many more that will make your stay comfortable. In this cottage, you will never go to adjust any facilities.
• Swimming Pool: You can nap near the pool while sitting on an easy chair. You can enjoy your favorite drink and snacks here in this resort. They also arrange pool parties for their valuable guests and make a total effort to make them feel special and make the trip unforgettable.
• Near Vagator Beach: The location of the resort is near Vagator Beach, which is known for late-night rave parties. By staying in this cottage, you can join the late-night party without facing any hurdle of traveling.
• 24*7 Open Bar: Everyone wants to enjoy their vacations, whether they are with friends or colleagues. White Flower Resort In North Goa has a 24*7 in-house bar facility where you can enjoy the light music while having booze. Scores of liquor brands are available in the bar or this resort.
• Restaurant: A portion of delicious food is the finest way to end your day and make it happy. After a busy schedule in Goa, you can have the delicious cuisine of your choice without leaving your comfort.
• Types Of Room: They provide a Garden view, pool view, and suite room to their guest according to the guest's choice.
Final Words
White Flower Cottages in Goa near beach is a perfectly designed resort that provides all the luxurious amenities within a pocket-friendly budget. This resort is the perfect place for Corporate Offisite Tours in Goa, where you can enjoy many activities with your officemates and make your tour unforgettable.

Food preparation is not easy to automate. "Whether it's salty or spicy, it's a huge variable," says Sunkara.
Legacy automation systems were not up to the task, but Nala Robotics is leveraging cutting-edge innovation to make restaurant automation a reality. "If you introduce artificial intelligence into it, if you introduce vision technology into it, it will be much better -- and that's how we designed our entire company," says Sunkara. "In ancient Indian mythology, Nala is the maharaja of culinary, so we named the company after that."
Nala Robotics started with Indian cuisine because of the complex recipes. "We felt that if we go for Indian, the rest of the cuisines could be a subset of it," says Sunkara.
Debuting in 2021, the company's first product, the Nala Chef, is now capable of making not only Indian dishes but Thai, Chinese, and Italian foods as well. In 2022, Nala Robotics released the Pizzaiola for autonomous pizza-making, followed by the Wingman for fried foods and Spotless for dishwashing.
Each machine's benefits are similar: Restaurants have struggled to hire since the onset of the COVID-19 pandemic, opening the door for automation. "The pandemic created a huge void in the industry in terms of labor," says Sunkara. "With a robotic solution, our company is able to address that."
Nala Robotics has a demonstration kitchen in Naperville, Illinois, and a pair of campuses in India. About 50 employees are based in Illinois, and about 200 are in India.
Sunkara compares the model to the software industry, with R&D and testing in the U.S. and production in India. "Most of the assembly is done in the U.S., and the fabrication part of it is done in India," he says. "All of the research is done here, and once we figure out the solution, we send it to India for fabrication. Once it's done, we ship it here, we test it here again, and if it's satisfactory, we deliver it to the market."
With plans to both sell and lease equipment, Nala Robotics is ramping up installations in 2023. "We are currently piloting with almost every major chain in the country and across the world as well," says Sunkara.
Ajay Sunkara (PRESIDENT AND CO-FOUNDER)
Challenges: Perception. Most restaurants have no experience with automation, and many consumers are uneasy with the idea of robots in the kitchen.
"There's always the fear that robots are going to take away jobs, robots are going to steal our entire economy," says Sunkara. "Actually, it's the other way around, so educating people that robots are going to improve the quality of our lives."
Scaling is another challenge: "Our concentration will start with the major cities and metro areas, and then going into every small town," Sunkara continues. "That's another challenge of what customers we can serve right now."
Thirdly, Nala Robotics' price point can initially raise some eyebrows, but Sunkara is quick to point out that many restaurants can get a rapid return on their investments in automation.
Opportunities: The market is still nascent, but Sunkara forecasts that 30 to 40 percent of restaurants will utilize robotics in their operations by 2030. He forecasts quick-service restaurants will be the bulk of the market, with about 20 percent of Nala's machines going to fine-dining establishments.
Needs: "With the demand that we have, we are considering having another manufacturing facility in the U.S. for orders that are high priority and for customers who need the manufacturing to be done in the U.S.," says Sunkara.

hi guys, we were thinking of moving to this area in merced, is it nice (like low crime?). we'd be coming from stockton. I seen loughborough isn't great in merced
also any estimates on pg&e /water for a ~3 bd 2 br home? or any tips/recs for living in that area?
thank you so much to whoever takes the time to reply 😄

The Fed
Fed blackout week. Life is so much better.
US liquidity maybe in jeopardy but global liquidity may about to rise.
We talked about more Chinese liquidity might be on it’s way. Yesterday, Chinese property developers stage a strong rally, as market expects more supportive policy, local govts released policy easing, analysts say quality developers' sales may have hit bottom. At this point, I can’t imagine what would happen if it didn’t play out as the market had anticipated.
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Real wage growth continues to fall in Japan for the 13th straight month. Wage growth has been an important data point for the BoJ to amend their policy. They view is that a rise in wages will lead to higher consumption. While nominal wages increased by 1%, real wages decreased by 3%. As long as consumption isn't leading the country's growth, it's likely that tightening is not on the horizon. As a results, Japanese liquidity has been raising (Nikkei is making new highs every day).
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The Economy
GS cut US recession odds. GS' Jan Hatzius: “we have become more confident in our baseline estimate that .. banking stress will subtract only a modest 0.4pp from real GDP ..”
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World Bank also raises 2023 economic growth forecast. Global from 1.7% to 2.1%, US from 0.5% to 1.1%.
But not everything look so rosy. The Global Supply Chain Pressure Index (GSCPI) decreased again in May, falling to -1.71 from -1.35; the April value was revised downward from -1.32.
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Redbook sales continue to decline. If the trend continues we could be seeing negative yoy growth in a few weeks. (The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores)
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The Business
Raising year-end target is getting trendy. BMO: “.. it has become increasingly clear .. stock market resilience is here to stay. .. labor market strength has remained intact .. the anticipated recipe for disaster is simply not present .. we are raising our 2023 S&P 500 year-end price target to 4,550 from 4,300.”
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I talked about the crazy amount of fund inflow into tech last month, but things are pretty dry for other sectors (sum negative):
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BoA estimates $AAPL will sell 1.5M units in its first full year, "and the price point didn’t change [our] mind on that. .. 1.5 million units for $3,499 .. a cool $5.7B in revenues .. a device that no one needed, thought about, or really wanted a year ago."
I think there might be some rotation going on from large tech to small and mid cap stocks, especially software, financial, material and industrials (the Chinese liquidity rumor). But everything is over bought so be careful out there.
I currently hold ZS, BILL, KRE, CCL calls, QQQ puts and cash. Still think a pull back is near.

We just got back from Kaua’i and this list from one of the tours was super helpful so I thought I’d share. Aloha!

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(TheNewswire)
5,400 Metres Drilled to Date
June 6, 2023 – TheNewswire - Victoria , Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (Frankfurt:TFE) announces that it has received a report from its Joint Venture Partner Tudor Gold Corp. (“Tudor Gold”) stating that drilling progress has been made on its 2023 exploration program (the “ Program ”) at the Treaty Creek Joint Venture property, located in the Golden Triangle of Northwest British Columbia.
To date, the Tudor Gold has successfully completed over 5,400 meters of infill and step-out drilling, which forms part of a larger diamond drilling campaign spanning at least 25,000 meters. Currently, there are four drill-rigs in operation. [For plan view, click here: http://teuton.com/PlanView0623 ].
The first hole of the season, GS-23-164 , a 150-meter step-out to the northeast has successfully reached its intended depth, intersecting the DS-5 Zone. This intersection revealed mineralization and veining from 558 m to 1,083 m, including a consistently observed, strongly altered, stockwork vein zone from 885 m to 972 m, similar to previous DS-5 holes.
Another noteworthy drill-hole GS-23-167 , a 170-meter step-out, recently entered the CS-600 Zone intercepting disseminated chalcopyrite with minor copper sulphosalts and several semi-massive chalcopyrite veinlets associated with strong silicification and potassic alteration. [For core photos, click here: http://teuton.com/CorePhotos0623 ]. The Goldstorm system is now approaching 2,000 meters in length along the NE axis and remains open in all directions and at depth.
Based on the exciting results of holes GS-23-164 and GS-23-167, another step-out drill hole, GS-23-169, was collared and is currently at 357 m of a planned 1200 m depth targeting a further 150 m NE step out from GS-23-167 of the CS-600 Zone. Furthermore, the technical team is planning to construct two additional drill pads for future drilling activities located at approximately 150 and 300 meters further to the northeast. These new drill pad locations will enable continued exploration of gold-copper mineralization targeting the north and northeast extensions of the CS-600 and DS-5 zones.
In addition to the step-out holes, two infill holes are currently targeting areas of the Goldstorm Deposit to convert inferred resources to the indicated category. Hole GS-23-166-W1 , is at 570 m of a planned 1150 m depth and targeting a pocket of inferred CS-600 ounces, as well as a northward expansion of the DS-5 zone. Hole GS-23-168 is at 1008 m of a planned 1800 m depth and targeting the deep CS-600 zone infilling between holes GS-22-157 and GS-21-113-W2.
Results from the Program will be provided by Tudor Gold once final assays are received and compiled.
Ken Konkin, President and CEO of Tudor Gold, commented: “The safe and efficient start-up of 2023 exploration campaign has been a huge success. We thank our good neighbours at the Brucejack Mine for allowing our ground crews to mobilize drills, equipment and supplies over our winter road by utilizing the Brucejack Mine access road. We have successfully completed this exercise over that past few years and we very much appreciate the assistance to allow our crews to safely get the job done. The recent drill intercept in our northeastern most hole GS-23-167 has prompted our technical team to construct more drill pads to target the northeastern aspect of the deposit as clearly the CS-600 domain continues to expand in this direction. Pad builders are now completing several set-ups for the two-remaining drill-rigs that are committed to drill the Perfectstorm Zone which lies equi-distant between our Goldstorm Deposit and Seabridge Gold’s Iron Cap Deposit. We anticipate the start-up of the two rigs at Perfectstorm over the next 2-3 weeks.”
The Program
The 25,000 m diamond drilling program at Treaty Creek has been designed to test the north and northeast mineral extensions of the Goldstorm Deposit where drilling in 2021 and 2022 intercepted the highest grades of gold, copper and silver mineralization at the Treaty Creek Project. These results contributed to a significantly upgraded Mineral Resource Estimate, which reported an Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) grading 1.13 g/t AuEQ and an Inferred Mineral Resource of 7.35 Moz of AuEQ grading 0.98 g/t AuEQ. In addition to the northern step-out drilling at the Goldstorm Deposit, Tudor Gold plans to carry out exploration drilling at the Perfectstorm Zone (“PSZ”) to follow up on six drill holes that were drilled in 2020 and 2021 which all intercepted gold and silver mineralization, highlighted by hole PS-21-06 which returned 118 m of 0.66 g/t gold, 3.69 g/t silver including 31.5 m of 0.84 g/t gold, 6.09 g/t silver. PSZ is a gold-dominant mineralized system measuring 1.3 kilometers (km) in strike length and is located approximately 2.5 km southwest of the Goldstorm Deposit and approximately 2.5 km northeast of Seabridge Gold’s Iron Cap Deposit near the southwestern boundary of the Treaty Claim block.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) is Tudor Gold’s President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. Dino Cremonese, P. Eng., is the Qualified Person for Teuton Resources; although he has not independently verified the technical information contained in this news release, he has no reason to believe it is not reliable; as President and CEO of Teuton, he is not independent of the Company.
About Treaty Creek
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling the core land position in 1985. It presently holds a 20% carried interest in the Treaty Creek Project (Tudor Gold is responsible for paying all exploration costs up until such time as a production decision is made and owns a 60% interest; American Creek Resources owns the remaining 20% interest, also carried). Additionally, Teuton owns a 0.98% Net Smelter Royalty in the Goldstorm deposit area. It also owns numerous additional royalty interests within the Sulphurets Hydrothermal system on properties such as the King Tut, Tuck, High North, Orion, Delta and Fairweather properties.
The Treaty Creek Project hosts the Goldstorm Deposit, a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the March, 2023 news release [click here: http://teuton.com/2023ResourceEstimate/ ], the Goldstorm Deposit has an Indicated Mineral Resource (as defined in NI 43-101) of 23.37 Moz of AuEQ grading 1.13 g/t AuEQ (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %, 112.4 Moz silver grading 5.45 g/t) and an Inferred Mineral Resource (as defined in NI 43-101) of 7.35 Moz of AuEQ grading 0.98 g/t AuEQ (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz silver grading 5.99 g/t), with a pit constrained cut-off of 0.5 g/t AuEQ and an underground cut-off of 0.7 g/t AuEQ. The Goldstorm Deposit has been categorized into three dominant mineral domains and several smaller mineral domains. The CS-600 domain largely consists of an intermediate intrusive stock and hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 9.86 Moz AuEQ grading 1.10 g/t AuEQ (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs copper grading 0.32 %, 51.1 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 3.71 Moz AuEQ grading 1.19 g/t AuEQ (2.32 Moz gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71 Moz silver grading 6.01 g/t). The Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine the size and extent of the deposit.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest British Columbia and was one of the first companies to adopt what has since become known as the “prospect generator” model. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments (received in cash and often also in shares of the optionee companies), have provided substantial income to Teuton.
Interested parties can access information about Teuton at the Company’s website, www.teuton.com
Respectfully submitted,
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Corporate Development and Communications
Tel. 778-430-5680
Email: [[email protected]](mailto:[email protected])
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Copyright (c) 2023 TheNewswire - All rights reserved.
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Rocket Lab Due-Diligence (DD)

‘We Open Access to Space to Improve Life on Earth.’

Introduction

With the 2024 first launch of the Rocket Lab Mega Constellation Launcher—The Neutron—fast approaching, I decided it is high time for a more up-to-date DD on Rocket Lab. A lot is happening in the industry, the company, and the world. I have decided to dive into the future, fundamentals, industry, funding, financials, dreams, and of course, the memes of the aspiring space company. Now, I am posting my DD into both of the Rocket Lab subreddit, as I am new to writing DD and I want to hit as wide of an audience as I can. One disclaimer (for those who do not like stock talk), this DD is not meant to encourage buying of the stock, nor is it financial advice or a stock-only DD, I merely want to dive into this company and simply spark some discussion on it!
Now, Rocket Lab is a private aerospace manufacturer and small satellite launch service provider. The company was founded in 2006 by Peter Beck and is headquartered in Long Beach, California, with additional facilities in New Zealand and Australia. Rocket Lab specializes in the development and launch of small rockets capable of delivering payloads of up to 300 kilograms to low Earth orbit. Rocket Lab—self-designated as a leader in launch and space systems—is a company that has a chance at becoming a highly profitable giant over the next decade and beyond. In my honest opinion, Rocket Lab currently thrives off of the crumbs of the current space industry ecosystem. With Space X increasingly focused upon one goal—thanks to their controversial, yet nevertheless, fearless leader—being Mars, Rocket Labs can (and in my opinion will) become one of the go-to space companies for low earth orbit launches in the near term and in the long-term become one of the go-to space company for launches between the Moon, Venus, and Mars as well. Rocket Lab currently lives off of the crumbs left behind by NASA, Space X, and the United States military-industrial complex.
Like these two legends from the movie War Dogs, Rocket Lab is determined to become the go-to space company for transporting all types of goods into orbit. For those of you who have not seen the movie (I personally highly recommend it), essentially, when these two start their arms-dealing company, they focus upon all of the small contracts that the government is putting out for arms supplies. The contracts that the big players are ignoring, due to their small sizes, even so, these small contracts are worth hundreds of thousands to low millions. Now, this is where Rocket Lab currently lies in the industry.
\"A new space race has begun, and most Americans are not even aware of it. This race is not [about] political prestige or military power. This new race involves the whole human species in a contest against time.\" - Ben Bova
Now, before I dive into everything here, I need every to understand that this industry is on the verge of immense change and rapid evolution. We are currently in the first stage of the world’s Second Space Race. As a student of History, I can confidently tell you that there are murmurings within the historical community, that this is the case, beginning with the creation and success of Space X’s first reusable rocket: the Falcon 9. On December 21st of 2015, when the first Falcon 9 was launched and the landing was successful with the first stage fully recovered, the race began. In the same way that there is no single company above all others in the airline, shipping & transportation, or car manufacturing industries, is the same reason I do not believe that Space X will alone run the space industry’s transportation needs. There is plenty of room for companies like Rocket Lab to fill the gaps Space X cannot and in a decade’s time, there will be plenty of room for even more companies. Yet, there are no companies that are even close to competing with Space X—other than Rocket Lab—at this time. Now, I won’t go deeply into most of these competitors in this deep dive, but to be short, Astra is on the verge of total failure, Virgin Galactic has been playing an entirely different game—space tourism, which there is a massive market for, just perhaps won’t be penetrated by them—they likewise seem to be failing. While Blue Origin has been playing a strong game and Space X an even stronger one, albeit more and more focused solely on Mars as the years go on.
Here you can see the 1-year charts of Rocket Lab, Astra, Virgin, and Boeing for reference, as you can see, these charts speak volumes. Rocket Lab has been having a tough year but has found a nice bottom and is consistently bouncing from lows in the $3.6-4 range. While Astra has been reduced to a penny stock, with their future unknown. Virgin Galactic is only maintaining below Rocket Lab’s share price, partly due to the large number of Retail investors that do not know much and refuse to let it die, coupled with a small hope that the company can recover in the coming years. Boeing is here for reference as to what a successful, large-cap company involved in a similar industry (and the space industry as well), should look like over the course of a decent year.
Now, there are a few assumptions that I am making that we need to cover before diving into the real DD: Whether it be because we live in the beginnings of a second Space Race (fueled by privatized space companies and the world’s governments) or because of technological advancement and a rising interest in space, the increase in rocket launches, space development (in Earth’s orbit, the Moon, and Mars), and the lowering costs of space launches… it will become exponentially cheaper, easier, and faster to launch into orbit and the industry as a whole will have a massive boom—akin, in a way, to the industrial revolution—over the mid-to-late 2020s into the early 2030s. With the mid-to-end 2030s and early 2040s, we will see massive developments in terms of low-Earth orbit manufacturing facilities, tourist destinations, and stations, as well as settlements on the Moon for mining and refueling for greater exploration and colonization of the Sol System as a whole.
Now these are in part assumptions, but I think once one does the research and looks at the fact, all of this is very achievable. Even if it does not occur in this way, you can shift the dates by an additional decade and every time you do, the more likely, easier, and cheaper it all becomes.
Rocket Lab's business model revolves around providing cost-effective and frequent access to space for small satellite operators. The company aims to simplify the process of deploying satellites by offering dedicated launches on its Electron rocket. Rocket Lab operates as an end-to-end service provider, handling the entire launch process from mission planning and payload integration to launch and on-orbit operations.

Section 1: Rocket Lab Takes Flight! The Electron & the Neutron

‘Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and an on-orbit management.’ – Rocket Labs
Rocket Lab's primary launch vehicle, the Electron, is a two-stage rocket powered by Rutherford engines, which use electric-pump-fed LOX/RP-1 propellants. The Electron is designed to optimize cost, flexibility, and rapid launch capability for small satellites. Rocket Lab has demonstrated numerous successful launches since its inaugural flight in 2017, showcasing its technological prowess and reliability. The small satellite market has been growing rapidly, driven by increased demand for data collection, communications, and Earth observation. Rocket Lab's focus on dedicated launches for small satellites positions it well to capture a significant portion of this expanding market. The company has already established a solid customer base, securing contracts with government agencies, research institutions, and commercial entities.
Rocket Labs—at the time of writing this—has had 37 launches—with a 91.89% success rate—deployed 164 satellites, operates 3 launch pads, and is maintaining 3 Photon Satellites in the Earth’s orbit. Of the 164 satellites launched by Rocket Labs, they were commissioned to do so by a wide variety of clients, from NASA, Space Force, DARPA, to Canon. Rocket Labs is supported by Future Fund: Australia’s Sovereign Wealth Fund, Khosla Ventures, Bessemer Venture Partners, Data Collective, Greenspring Associates, ACC, Promus Ventures, L One W One Ltd., and Lockheed Martin.
Rocket Lab’s main rocket, the Electron—built and operated by Rocket Lab—has flown 37 times and been successful 34 times, with only 3 failures. Rocket Lab’s key areas of business penetration lie in the launch of mid-sized service rockets, the manufacturing of space systems and satellites, and their adept ability to manufacture industrial space parts, applications, and proponents. The latter of which, they are sort of unopposed in terms of competition.
The Neutron—Rocket Lab’s medium-lift, mega constellation launcher—will be able to launch 13,000 kilograms into low Earth orbit and it will be …drum roll please… reusable! The current goal is for it to launch in 2024. It will be designed for not only low earth orbital supply missions, but also deep space missions, and even human spaceflight. It will be fairing a design allowing for full reusability of the first stage and it will be lightweight, being made of Rock Lab’s own carbon composite structure. The home base for the Neutron will be at the Neutron Production Complex and the launch pad at the NASA Wallops Flight Facility and Mid-Atlantic Regional Spaceport on the Eastern Shore of Virginia.
‘The Neutron Production Complex will be home to a rocket production, assembly, and integration facility, as well as a dedicated launch pad for the Neutron rocket located on the southern end of Wallops Island. The estimated 250,000 square foot state-of-the-art complex will be constructed on a 28-acre site adjacent to the Wallops Island Flight Facility and will include a Launch Control Center, Rocket Lab’s fifth global operations center for launch activities and on-orbit operations. To support rapid production of the Neutron rocket, current plans for the complex include automated fiber placement robotic production systems capable of laying up meters of Neutron’s new, specially formulated carbon composite structures in minutes. As a reusable rocket, Neutron is designed to land back on the Launch Complex 3 pad after a mission and from there it would be returned to the production complex for refurbishment and re-flight.’
With Space X dominating large-load space orbital flight and transportation, Rocket Labs, in my honest opinion, is where Space X was roughly something like 6-8 years ago. While Rocket Lab intends to compete with Space X—whether it will be considered competition in an industry this brand new and small, time will tell—for cargo and humans to the low Earth orbit, the Moon, Mars, and even Venus! Space X and Elon Musk have made it abundantly clear that the goal of Space X is the large-scale settlement of Mars. While later models of Rocket Lab’s Neutron will be able to go to Mars and Venus, it appears that is not their main goal. In the near term (being the next two decades), they will be looking to dominate the low Earth orbit and Moon market as well as the manufacturing of industrial space parts, applications, and proponents.

Section 2: The Space Industry & Company Fundamentals

Rocket Lab faces competition from other commercial launch providers, such as SpaceX and Blue Origin. However, the company differentiates itself by specializing in small satellite launches, offering a tailored solution for this niche market. Rocket Lab's Electron rocket provides the advantage of dedicated launches and the flexibility to reach specific orbits, making it an attractive option for small satellite operators.
Rocket Lab has raised significant funding through various investment rounds, securing capital from venture capital firms, strategic partners, and government entities. Notable investors include Khosla Ventures, Bessemer Venture Partners, and Lockheed Martin. The company's ability to attract substantial investment indicates confidence in its business model and growth potential. Rocket Lab operates within the regulatory framework of the countries in which it launches its rockets. The company holds necessary licenses and approvals from government agencies, such as the Federal Aviation Administration (FAA) in the United States and the New Zealand Civil Aviation Authority (CAA). Compliance with safety regulations and adherence to environmental guidelines are crucial aspects of Rocket Lab's operations.
Despite its achievements, Rocket Lab faces several risks and challenges. The space industry is highly competitive, and the success of the company depends on its ability to secure launch contracts and maintain a steady launch cadence. Regulatory changes, launch failures, or delays could impact Rocket Lab's operations and reputation. Additionally, the emergence of new technologies or market disruptors could pose a threat to the company's market position
Now, let’s talk about the elephant in the room, the Quarterly Results. To preface, negative quarterly results mean—pardon my French—jack-shit (at least in the short term) for a company such as Rocket Lab, that is looking at penetrating a market such as the space industry. We are going to look at the past four Quarterly Results in chronological order.
Q2 2022 Report: Rocket Lab achieved record revenue of $55.5 million, showing significant growth compared to the previous quarter (36% sequential growth) and the same quarter in the previous year (392% YoY growth). Despite the revenue growth, the company reported a negative EPS of $-0.08, indicating a net loss for the quarter.
Q3 2022 Report: Another record revenue was achieved, reaching $63.1 million, with a sequential growth of 14% and an impressive YoY growth of 1,093%. The company's EPS improved slightly to $-0.07 but still remained negative. The fourth quarter revenue is expected to be lower, ranging between $51 million and $54 million, as a launch customer's push extends into 2023.
Q4 2022 Report: The company's revenue for Q4 reached $51.8 million, showing a healthy year-over-year growth of 88%. The full-year revenue for fiscal 2022 amounted to $211 million, reflecting substantial growth of 239% compared to the previous year. The EPS remained negative at $-0.08.
Q1 2023 Report: The revenue for Q1 2023 was $54.9 million. Increasing revenue by 35% in the first quarter of 2023. Revenue from their launch business was $19.6 million, up $12 million from the prior quarter. Their EPS was $-0.08, indicating strong maintenance of their business. The second quarter is expected to show a significant revenue increase, with an estimated range of $60 million to $63 million.
Now, what does this all tell us? Firstly, they were very forthcoming with the quarterly expectations. Something one might think is not a big deal, but considering how a lot of publicly traded companies operate, this is a good thing. In each of their earnings reports, they have nearly exactly estimated their results, showing they are not attempting to mislead investors. The company has experienced impressive revenue growth throughout the reported quarters, indicating strong market performance and demand for its products/services. However, the negative EPS values suggest that the company is still operating at a net loss. From a shareholder’s perspective, the company's focus should be on achieving profitability and reducing the negative EPS, while maintaining consistent revenue growth. In my opinion, this stock is sitting just below a fair market value for what it is right now, sitting at just over $4, considering they are not fully profitable. Yet Rocket Lab continues to grow its business, making more contracts, and it stands a competitive chance. If they can turn a profit within 2-3 years, I think they will be one hell of a company. With their competitors failing left and right and none finding the success as Rocket Lab—other than Space X—they could stand to be a massive company in a few decades, so massive, they’re bigger than Earth.
One last financial point to touch upon… shorting, so here is some data, which is roughly one month outdated due to my difficulty in finding up-to-date information on the company without a Bloomberg Terminal (So, if anyone on the sub has access to a Bloomberg Terminal and would like to add to my DD in the comments, please do).
Last Record Date: May 15, 2023
Outstanding Shares: 478,660,000 shares
Float Size: 262,310,000 shares
Short Percent of Float: 9.80% (The short percent of float represents the percentage of shares available for trading that have been sold short).
Average Trading Volume: 4,044,396 shares
Current Short Volume: 25,710,000 shares
Previous Short Volume: 24,630,000 shares
Change Vs. Previous Month: +4.38%
Dollar Volume Sold Short: $111.58 million
Short Interest Ratio / Days to Cover: 7.7 (This ratio indicates the number of days it would take for the short sellers to cover their positions based on the average daily trading volume.).
The short interest in Rocket Lab has increased from the previous month, with a change of +4.38%. The short percent of the float is 9.80%, indicating that a significant portion of the available shares for trading has been sold short. Now, Rocket Lab’s short interest is relatively low for a company that has had consistent negative EPS and revenue. Showcasing that the big players in markets either A) believe this company will make a massive turnaround in the near future (1-3 years mark) or B) Rocket Lab, due to its size, is thankfully not on their radar. However, that said, the off-exchange short percentage is 57.69%, showcasing that A) public on-exchange short volume is a complete hoax and Hedge Funds, and other big players are beating down on the stock or B) all of this information is completely misrepresented to retail traders on purpose and the entirety of the United States market system is a complete farce.

Section 3: Future Prospects & Big Moves

Rocket Lab has demonstrated strong performance and growth potential in the emerging small satellite launch market. The company continues to refine its launch processes, aiming to increase launch frequency and reduce costs further. Additionally, Rocket Lab has plans to develop a larger reusable rocket called Neutron, targeting the medium-lift market segment, which would expand its capabilities and market reach. The company has the potential to be the go-to company for low Earth orbital launches in the short term and in the long term, one of, if not the go-to company, for transportation to the Moon, Mars, and Venus.
Peter Beck, founder and CEO of Rocket Lab, did an interview last month on his take on the industry and their future prospects. I wanted to touch briefly on this (you can find the video on YouTube).
Firstly, the video begins with the commentator stating, "With the Space Race this week," the Space X rocket, the most powerful ever built, has scrubbed its launch. While Rocket Lab is adding a new service for testing hypersonic sub-orbital launches, being a welcome addition to the company’s wide array of services. Beck states that it is a very exciting time, stating that “the United States is kind of lacking behind in hypersonic technologies and this is a great opportunity to have high cadence, test flight environment for these payloads to really move forward the US’s hypersonic research.” He goes on to talk about how these capabilities are essentially repurposed from Rocket Lab’s Electron Rocket capabilities: “We take a standard Electron orbital-class launch vehicle and we fly it in some really unique trajectories to provide these hypersonic trajectories… it is taking an Electron and making a couple wee tweaks to it and having a great high frequency hypersonic testing platform that hasn’t existed.” Beck goes on to speak on the launch cadence “being on target for 15 flights” this year with the fastest turn around this year being 7 days between flights, saying “the machine is cranking and the vehicles are flying successfully and the last flight was a reusable vehicle and we splashed that down successfully and now we’re kind at the point where we are recycling and harvesting engines and components off of those launch vehicles and getting ready to put them back into service and re-fly them.” He continues, stating, “I’m not sure if I’m allowed to say exactly, but… a whole multiple gambit of reused components that are all now re-entering the production line and going back into service.” Morgan Brennan, the interviewer then speaks to how there is this emerging mismatch between supply and demand when it comes to the satellite launch market, with the fact that there are so many satellite constellations that are poised to go into orbit in the coming years and not enough capacity in terms of launching them. So, she then asks about the reusability of Electron and the development of the Neutron. Beck states that, “Electron is really serving that market very well, and there are lots of flight opportunities that are sort of just doing its thing, Neutron is the new flight opportunity for us… 2026 to 2030 timeframe there is a massive deficit in launch and there are lots of constellations that are all really vying for an ability to get in orbit, so we saw that coming and started work on the vehicle and hopefully we can bring it into service in 2024 and really solve some of those problems and take advantage of that market opportunity.”
Now, I don’t have to tell you all that this is very good to hear from Beck and this is very exciting, showcasing that he really believes Rocket Lab can penetrate this market and become a big player in the ever-evolving industry.
Rocket Lab Making Big Moves Lately:
· Bought Virgin Orbit HQ in California, this was a big win for the company, and folk on the sub were very excited to see this happen. Yay! But, sad and unfortunate for Virgin Galactic, which I am sure many of us space enthusiasts had higher hopes for, oh well, not everyone can achieve their dreams.
· Rocket Lab reached a new Company record of nine launches within a calendar year.
· Achieved a record of 100% mission success for Electron launches for the year.
· Successfully launched CAPSTONE mission to the Moon for NASA, including the first demonstration of Lunar Photon spacecraft platform.
· Successfully deployed two satellites to space for NASA’s TROPICS mission on the first of two dedicated launches on Electron for the constellation scheduled in May 2023.
· Secured another NASA mission to Electron’s 2023 launch manifest with its Starling mission. Rocket Lab was selected by NASA to launch the Starling mission on an expedited timeline due to long delays and uncertainty with the mission’s original launch provider.
· Signed multiple new launch contracts on Electron for 2023 for undisclosed commercial satellite customers previously manifested on another small launch vehicle, demonstrating Electron’s strong position as a reliable and dependable ride to orbit for small satellite operators.
· Introduced Rocket Lab’s new HASTE launch vehicle, a suborbital testbed launch vehicle derived from the Company’s Electron rocket to provide reliable, high-cadence flight test opportunities to support the development of advanced hypersonic systems technology.
· Announced that the Company will fly a pre-launched 3D printed Rutherford engine on an upcoming mission in Q3’23, a major step in evolving the Electron launch vehicle into a reusable rocket.
· Delivered financial results that exceeded the high end of prior guidance for revenue and gross margin.
· Launched three successful Electron missions in the first quarter for commercial constellation operators HawkEye 360, Capella Space, and BlackSky.
· Successfully completed the Company’s first launch from its U.S. launch site, Rocket Lab Launch Complex 2, at the Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport on January 24, 2023. The mission deployed three satellites for radio frequency geospatial analytics provider HawkEye 360.
· Successfully completed the Company’s fastest turnaround between launches to date – just seven days between its 34th Electron launch, “Stronger Together”, from Rocket Lab Launch Complex 2 in Virginia on March 16, 2023, and its 35th Electron launch, “The Beat Goes On”, from Rocket Lab Launch Complex 1 in New Zealand on March 24, 2023.
· Rocket Lab remains the only U.S. commercial small launch provider to successfully deliver satellites to orbit in 2023. Secured a multi-mission contract with Capella Space to launch four more dedicated launches on Electron in 2023.
· Achieved programmatic milestones for the Company’s two Photon spacecraft to support NASA’s ESCAPADE mission to Mars, and for the Photon spacecraft for a Varda Space Industries’ mission to manufacture high-value products in zero gravity. Both Photon programs include Rocket Lab star trackers, reaction wheels, solar panels, flight software, and radios – demonstrating the value and strength of the Company’s vertical integration and in-house supply chain.

Conclusion: An Ode to Humanity's Future

Rocket Lab has established itself as a leading player in the small satellite launch market, offering dedicated launch services tailored to the needs of small satellite operators. The company's technological capabilities, solid customer base, and innovative approach position it well for future growth.
Those who lived and grew up in the 1960s and 1970s believed that by the 21st century, mankind would be a space-faring civilization. People had a fascination with the unknown. It was embedded in pop culture, in movies like the 2001 Space Odyssey, Alien, and the Star Trek series. But the unfortunate truth is that after Apollo 17 on the 19th of December 1972, mankind has not left low-earth orbit. The American public lost interest, the government cut funding, and the Saturn V rockets were dismantled and replaced by space shuttles in the 1980s (spaceships not even built to leave low-earth orbit). The curiosity and desire to unravel the mystery of the universe are now again filling the hearts of people. Technology is becoming more advanced and cheaper.
With companies like Rocket Lab and Space X, the future is looking bright. We currently live in an era of mass information. One of the hardest aspects of life in the early-21st-century is learning how to filter all this information. The news of the accomplishments of Rocket Lab, Space X, Blue Origin, Lockheed Martin, Boeing, the Indian Space Research Organization (ISRO), the Chinese National Space Administration (CNSA), the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA), and Space Force, are lost in the large volume of collective data. The average person does not believe how close we are to colonizing Luna and Mars; how close we are to becoming a multi-planetary species. If you walked up to someone on the street of New York City, today, and told them that in the mid-2040s, and by the latest, the 2050s, there will be hundreds if not thousands of people living in Earth's orbit, the upper atmosphere of Venus, the Moon, and Mars, the person would dismiss you in disbelief. But the same would have happened if you walked up to a person on the street of New York City on the 19th of July 1962 (before Kennedy’s speech) and told them that mankind would step foot on the moon in seven years. Companies like Rocket Lab, which will make orbital flight and transportation affordable, will allow for a new era of civilization, one which was only present and dreamed of in science fiction of the past.
The Earth, as imaged from the Voyager 1 spacecraft, was suspended in a sunbeam, as the interstellar craft exited the Sol system in 1990. Earth is nearly 4 billion miles away in this image. That is us. That is humanity, all of us that have thus far, ever existed. We take to the stars in search of not only answers but in search of a purpose.
Edit: Made some edits to spelling and fixed two mistakes pointed out by commenters