Rocket Lab USA, Inc.
Thesis
RocketLab was identified as a unique investment opportunity due to its launch capacity for satellites outside of SpaceX, and it was trading at $8 when it was largely overlooked by the market. The satellite sector is under-researched and poised for growth, making RocketLab a compelling investment.
Did it work?
The long thesis on RocketLab has decisively played out: the stock returned +704.9% from the $8 entry price, an extraordinary gain that validates the core claim that the market was overlooking its unique launch capacity outside SpaceX and the growth potential of the satellite sector. A re-rating of this magnitude is a decisive confirmation of the thesis regardless of the unknown time elapsed, as the market clearly came to recognize the value the pitch identified. The direction of the return fully aligns with the stated long position.