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--> YouTube-Generated Transcript <--
0:05 · CHARLES: FOLKS ROCKET LABS
0:06 · RESULTS OUT LAST NIGHT AND LET'S
0:07 · JUST SAY THE CROWD WENT WILD.
0:10 · BEARS ACROSS-THE-BOARD, YOU
0:13 · KNOW, WE SAW ONCE AGAIN,
0:15 · COULDN'T KEEP UP, SOLID GUIDANCE
0:16 · THEY BEAT THE STREET EVERYWHERE,
0:18 · AND OF COURSE THE STOCK OPENED
0:20 · UP THE SESSION MUCH HIGHER I
0:21 · WANT TO BRING IN ROCKET LABS CEO
0:25 · PETER BECK, AND FIRST AND
0:26 · FOREMOST, CONGRATULATIONS.
0:27 · >> THANKS CHARLES.
0:28 · CHARLES: WHAT STANDS OUT MOST TO
0:30 · YOU WITH RESPECT TO THE LAST
0:31 · THREE MONTHS?
0:33 · >> YEAH, LOOK, REALLY JUST
0:36 · THE GROWTH IN THE COMPANY AND
0:37 · ALL OF THE BUSINESS UNITS AND
0:41 · SMALL LAUNCH VEHICLE JUST
0:42 · CONTINUED TO HIT LARGER AND
0:44 · LARGER STRIDES AND GOALS SO JUST
0:46 · REALLY SOLID GROWTH THROUGHOUT
0:47 · THE BUSINESS ACROSS IT.
0:48 · CHARLES: LET'S TALK ABOUT
0:50 · THE BUSINESS AND START WITH
0:51 · ELECTRON AND GO BACK THERE.
0:53 · YOUR BACKLOG IS BUILDING
0:56 · THE SUCCESS IS THERE.
0:58 · WHAT ARE YOU ANTICIPATING
1:00 · FOR NEXT YEAR?
1:00 · >> YEAH, LOOK.
1:02 · ELECTRON AS YOU POINT OUT IS
1:07 · THE VEHICLE RIGHT NOW AND IN
1:08 · ONE QUARTER WE BOOKED 17
1:09 · LAUNCHES ALONE, SO REALLY STRONG
1:11 · GROWTH IN THE BACKLOG AND YEAH,
1:14 · LOOK, THIS YEAR, WE'RE ON TRACK
1:15 · TO HAVE THE BIGGEST LAUNCH YEAR
1:17 · EVER AND NEXT YEAR IS SHAPING UP
1:19 · TO BE EVEN BIGGER, SO SUPER
1:22 · EXCITING.
1:22 · CHARLES: TELL US ABOUT PHOTON.
1:25 · >> YEAH, SO WE'VE GOT A COUPLE
1:27 · OF REALLY INTERESTING MISSIONS
1:29 · HAPPENING SO A COUPLE OF
1:31 · SPACECRAFT SITTING ON A BLUE
1:34 · ORIGIN VEHICLE THAT WE BUILT
1:35 · THAT ARE GETTING READY TO LAUNCH
1:37 · IN THE NEXT COUPLE OF DAYS TO GO
1:39 · TO MARS AND THE CORE THING ABOUT
1:40 · THAT MISSION IS WHEN YOU TALK
1:42 · ABOUT GOING TO MARS YOU THINK OF
1:44 · BILLIONS OF DOLLARS AND DECADES.
1:46 · THIS WAS TENS OF MILLIONS OF
1:47 · DOLLARS IN A FEW YEARS TWO
1:49 · SPACECRAFT WERE BUILT AND ON
1:50 · THEIR WAY TO MARS SHORTLY.
1:52 · CHARLES: ELON LAST NIGHT TALKING
1:53 · ABOUT ROBOTS GOING TO MARS TOO.
1:55 · YOU TALK TO ELON YET?
1:59 · >> I'VE GOT BIGGER JOBS TO
2:03 · FOCUS ON MYSELF.
2:04 · CHARLES: LET'S TALK ABOUT HASTE
2:05 · THEN ANOTHER PROJECT EVERYONE IS
2:07 · EXCITED ABOUT.
2:08 · >> YEAH.
2:10 · SO, HASTE IS A SUBORBITAL
2:13 · VARIANT OF THE ELECTRON VEHICLE
2:15 · AND YOU KNOW, THE U.S. HAS
2:17 · STRUGGLED TO MAKE GREAT
2:18 · ADVANCEMENTS IN HYPERSONICS IN
2:21 · PART DUE TO THE AVAILABILITY OF
2:24 · AFFORDABLE TEST PLATFORMS, SO BY
2:25 · TAKING OUR ELECTRON, WE'RE ABLE
2:27 · TO PUT ALL THESE HYPERSONIC
2:30 · EXPERIMENTS ON THE NOSE AND
2:31 · REALLY ACCELERATE THAT TESTING
2:32 · AND WE'RE SEEING A LOT OF GROWTH
2:34 · IN THAT MARKET AND ITS JUST BEEN
2:37 · TREMENDOUS FOR OUR CUSTOMERS TO
2:38 · DEVELOP THE TECHNOLOGY.
2:39 · CHARLES: THE HYPERSONIC ISSUE IS
2:41 · SOMETHING WE'VE BEEN WORRIED
2:42 · ABOUT HERE PARTICULARLY WITH
2:46 · RUSSIA AND NOW THEY HAVE,
2:48 · UNFORTUNATELY WITH THIS WAR,
2:49 · THEY HAVE BEEN ABLE TO
2:51 · EXPERIMENT EVEN MORE IN REALTIME
2:52 · SOMETHING WE HAVE TO CATCH UP ON
2:53 · BUT LET'S TALK ABOUT WHAT
2:55 · EVERYONE WANTS TO TALK ABOUT SO
2:57 · I HAD AN ANALYST YESTERDAY THAT
2:59 · LOVES YOUR STOCK AND SAID MAYBE
3:00 · NEUTRON WILL BE PUSHED OUT BUT
3:01 · HE SAYS THIS IS IT.
3:03 · TALK TO THE FOLKS WATCHING AT
3:04 · HOME WHY THIS IS THE GAME
3:07 · CHANGER.
3:08 · >> YOU KNOW, NEUTRON IS
3:09 · IMPORTANT FOR A COUPLE OF
3:11 · REASONS.
3:11 · ONE, YOU KNOW, IT'S REALLY A
3:14 · BREAKING OF THE MOLD OF A KIND
3:15 · OF A PSEUDO-MONOPOLY
3:19 · FOR THE FALCON 9 VEHICLE IN
3:20 · THE MARKET SO THERE ISN'T
3:21 · ANYTHING COMPETING TO
3:23 · COMPETITIVE TO THAT VEHICLE, SO
3:25 · IT OFFERS ALL OF THEIR
3:27 · GOVERNMENT AND COMMERCIAL
3:28 · CUSTOMERS, YOU KNOW, A DIFFERENT
3:30 · AVENUE TO GET TO ORBIT SO THAT'S
3:31 · IMPORTANT BUT EQUALLY WELL, IT
3:33 · ALSO PROVIDES US AS A COMPANY
3:36 · MULTI-TERM LIFT CAPABILITY
3:38 · FOR OUR OWN STUFF, SO YOU KNOW,
3:39 · WE'VE MADE NO SECRET OF THE FACT
3:42 · THAT EVENTUALLY, OUR INTENTION
3:43 · HERE IS TO DEPLOY OUR OWN
3:46 · CONSTELLATION SO HAVING A
3:47 · MULTI-TON CAPABILITY,
3:50 · HIGH-CADENCE LAUNCH VEHICLE IS A
3:51 · GAME CHANGER FOR SURE.
3:52 · CHARLES: THERE WAS ANTICIPATION
3:54 · THAT THE LAUNCH IS A BIG MOVE
3:56 · FROM FOURTH QUARTER THIS YEAR TO
3:57 · FIRST QUARTER NEXT YEAR.
3:58 · HOW COMFORTABLE YOU WERE SAYING
4:00 · THAT'S CERTAINLY GOING TO
4:02 · HAPPEN?
4:02 · >> WELL LOOK.
4:05 · IT'S A ROCKET PROGRAM, RIGHT?
4:06 · AND ONE OF THE REASONS WHY WE
4:08 · SHIFTED THAT A LITTLE BIT IS WE
4:09 · HAVE A METHOD FOR DEVELOPING
4:11 · THIS STUFF AND THAT METHOD HAS
4:13 · PROVEN TO BE EXTREMELY GOOD AND
4:14 · RELIABLE AND IF WE THINK ABOUT
4:16 · IT LIKE THE REALITY IS IN
4:17 · THE WORLD TODAY THERE'S BEEN TWO
4:19 · COMMERCIAL COMPANIES THAT HAVE
4:21 · BOUGHT A LAUNCH VEHICLE TO
4:22 · MARKET AND MADE IT RELIABLE AND
4:24 · SCALED INTO ANY KIND OF CADENCE
4:26 · AND IT'S BASICS AND ROCKET LAB
4:28 · AND WE AREN'T GOING TO DEVIATE
4:30 · FROM OUR PATH THAT'S PROVEN TO
4:31 · DEVELOP TECHNOLOGY RELIABLY AND
4:34 · LOOK, NOBODY REMEMBERS A ROCKET
4:36 · THAT TOOK A LITTLE BIT LONGER TO
4:37 · GET TO THE LAUNCH PAD AND LAWN
4:39 · OF SUCCESSFULLY.
4:40 · EVERYBODY REMEMBERS THE ROCKET
4:41 · THAT BLOWS UP THE LAUNCH PAD SO
4:45 · JUST INTERESTED IN BEING IN
4:47 · THAT.
4:47 · CHARLES: I GOT YOU, YOU POINT
4:49 · THAT OUT VERY OFTEN ON YOUR
4:51 · WEBSITE.
4:51 · BEFORE I LET YOU GO WE'RE TRYING
4:53 · TO THINK OF WHERE ALL OF
4:54 · THIS GOES CAN YOU QUANTIFY
4:56 · THE TOTAL ADDRESSABLE MARKET
4:58 · FOR THIS?
4:58 · IT JUST FEELS LIKE THERE'S SO
4:59 · MANY OPPORTUNITIES FOR YOU.
5:01 · >> LOOK, THERE REALLY IS.
5:04 · THE OPPORTUNITIES IN SPACE RIGHT
5:05 · NOW ARE JUST MASSIVE AS YOU
5:07 · POINT OUT AND REALLY, YOU KNOW,
5:08 · IF I HAD TO SIT DOWN AND CAPTURE
5:11 · THE GLASS OF WINE IT'S REALLY
5:12 · A.I. AND SPACE, THE TWO BIG
5:15 · OPPORTUNITIES AS WE STAND
5:17 · FORWARD.
5:17 · CHARLES: PETER, CONGRATULATIONS
5:18 · MAN, YOU WERE AHEAD OF THE CURVE
5:20 · AND HAVE DONE EXTRAORDINARILY
5:21 · WELL AND COULD HAVE OWNED
5:23 · THIS STOCK A LITTLE MORE THAN A
5:24 · YEAR AGO FOR $5.50 S

--> YouTube-Generated Transcript <--
0:05	·	CHARLES: FOLKS ROCKET LABS
0:06	·	RESULTS OUT LAST NIGHT AND LET'S
0:07	·	JUST SAY THE CROWD WENT WILD.
0:10	·	BEARS ACROSS-THE-BOARD, YOU
0:13	·	KNOW, WE SAW ONCE AGAIN,
0:15	·	COULDN'T KEEP UP, SOLID GUIDANCE
0:16	·	THEY BEAT THE STREET EVERYWHERE,
0:18	·	AND OF COURSE THE STOCK OPENED
0:20	·	UP THE SESSION MUCH HIGHER I
0:21	·	WANT TO BRING IN ROCKET LABS CEO
0:25	·	PETER BECK, AND FIRST AND
0:26	·	FOREMOST, CONGRATULATIONS.
0:27	·	>> THANKS CHARLES.
0:28	·	CHARLES: WHAT STANDS OUT MOST TO
0:30	·	YOU WITH RESPECT TO THE LAST
0:31	·	THREE MONTHS?
0:33	·	>> YEAH, LOOK, REALLY JUST
0:36	·	THE GROWTH IN THE COMPANY AND
0:37	·	ALL OF THE BUSINESS UNITS AND
0:41	·	SMALL LAUNCH VEHICLE JUST
0:42	·	CONTINUED TO HIT LARGER AND
0:44	·	LARGER STRIDES AND GOALS SO JUST
0:46	·	REALLY SOLID GROWTH THROUGHOUT
0:47	·	THE BUSINESS ACROSS IT.
0:48	·	CHARLES: LET'S TALK ABOUT
0:50	·	THE BUSINESS AND START WITH
0:51	·	ELECTRON AND GO BACK THERE.
0:53	·	YOUR BACKLOG IS BUILDING
0:56	·	THE SUCCESS IS THERE.
0:58	·	WHAT ARE YOU ANTICIPATING
1:00	·	FOR NEXT YEAR?
1:00	·	>> YEAH, LOOK.
1:02	·	ELECTRON AS YOU POINT OUT IS
1:07	·	THE VEHICLE RIGHT NOW AND IN
1:08	·	ONE QUARTER WE BOOKED 17
1:09	·	LAUNCHES ALONE, SO REALLY STRONG
1:11	·	GROWTH IN THE BACKLOG AND YEAH,
1:14	·	LOOK, THIS YEAR, WE'RE ON TRACK
1:15	·	TO HAVE THE BIGGEST LAUNCH YEAR
1:17	·	EVER AND NEXT YEAR IS SHAPING UP
1:19	·	TO BE EVEN BIGGER, SO SUPER
1:22	·	EXCITING.
1:22	·	CHARLES: TELL US ABOUT PHOTON.
1:25	·	>> YEAH, SO WE'VE GOT A COUPLE
1:27	·	OF REALLY INTERESTING MISSIONS
1:29	·	HAPPENING SO A COUPLE OF
1:31	·	SPACECRAFT SITTING ON A BLUE
1:34	·	ORIGIN VEHICLE THAT WE BUILT
1:35	·	THAT ARE GETTING READY TO LAUNCH
1:37	·	IN THE NEXT COUPLE OF DAYS TO GO
1:39	·	TO MARS AND THE CORE THING ABOUT
1:40	·	THAT MISSION IS WHEN YOU TALK
1:42	·	ABOUT GOING TO MARS YOU THINK OF
1:44	·	BILLIONS OF DOLLARS AND DECADES.
1:46	·	THIS WAS TENS OF MILLIONS OF
1:47	·	DOLLARS IN A FEW YEARS TWO
1:49	·	SPACECRAFT WERE BUILT AND ON
1:50	·	THEIR WAY TO MARS SHORTLY.
1:52	·	CHARLES: ELON LAST NIGHT TALKING
1:53	·	ABOUT ROBOTS GOING TO MARS TOO.
1:55	·	YOU TALK TO ELON YET?
1:59	·	>> I'VE GOT BIGGER JOBS TO
2:03	·	FOCUS ON MYSELF.
2:04	·	CHARLES: LET'S TALK ABOUT HASTE
2:05	·	THEN ANOTHER PROJECT EVERYONE IS
2:07	·	EXCITED ABOUT.
2:08	·	>> YEAH.
2:10	·	SO, HASTE IS A SUBORBITAL
2:13	·	VARIANT OF THE ELECTRON VEHICLE
2:15	·	AND YOU KNOW, THE U.S. HAS
2:17	·	STRUGGLED TO MAKE GREAT
2:18	·	ADVANCEMENTS IN HYPERSONICS IN
2:21	·	PART DUE TO THE AVAILABILITY OF
2:24	·	AFFORDABLE TEST PLATFORMS, SO BY
2:25	·	TAKING OUR ELECTRON, WE'RE ABLE
2:27	·	TO PUT ALL THESE HYPERSONIC
2:30	·	EXPERIMENTS ON THE NOSE AND
2:31	·	REALLY ACCELERATE THAT TESTING
2:32	·	AND WE'RE SEEING A LOT OF GROWTH
2:34	·	IN THAT MARKET AND ITS JUST BEEN
2:37	·	TREMENDOUS FOR OUR CUSTOMERS TO
2:38	·	DEVELOP THE TECHNOLOGY.
2:39	·	CHARLES: THE HYPERSONIC ISSUE IS
2:41	·	SOMETHING WE'VE BEEN WORRIED
2:42	·	ABOUT HERE PARTICULARLY WITH
2:46	·	RUSSIA AND NOW THEY HAVE,
2:48	·	UNFORTUNATELY WITH THIS WAR,
2:49	·	THEY HAVE BEEN ABLE TO
2:51	·	EXPERIMENT EVEN MORE IN REALTIME
2:52	·	SOMETHING WE HAVE TO CATCH UP ON
2:53	·	BUT LET'S TALK ABOUT WHAT
2:55	·	EVERYONE WANTS TO TALK ABOUT SO
2:57	·	I HAD AN ANALYST YESTERDAY THAT
2:59	·	LOVES YOUR STOCK AND SAID MAYBE
3:00	·	NEUTRON WILL BE PUSHED OUT BUT
3:01	·	HE SAYS THIS IS IT.
3:03	·	TALK TO THE FOLKS WATCHING AT
3:04	·	HOME WHY THIS IS THE GAME
3:07	·	CHANGER.
3:08	·	>> YOU KNOW, NEUTRON IS
3:09	·	IMPORTANT FOR A COUPLE OF
3:11	·	REASONS.
3:11	·	ONE, YOU KNOW, IT'S REALLY A
3:14	·	BREAKING OF THE MOLD OF A KIND
3:15	·	OF A PSEUDO-MONOPOLY
3:19	·	FOR THE FALCON 9 VEHICLE IN
3:20	·	THE MARKET SO THERE ISN'T
3:21	·	ANYTHING COMPETING TO
3:23	·	COMPETITIVE TO THAT VEHICLE, SO
3:25	·	IT OFFERS ALL OF THEIR
3:27	·	GOVERNMENT AND COMMERCIAL
3:28	·	CUSTOMERS, YOU KNOW, A DIFFERENT
3:30	·	AVENUE TO GET TO ORBIT SO THAT'S
3:31	·	IMPORTANT BUT EQUALLY WELL, IT
3:33	·	ALSO PROVIDES US AS A COMPANY
3:36	·	MULTI-TERM LIFT CAPABILITY
3:38	·	FOR OUR OWN STUFF, SO YOU KNOW,
3:39	·	WE'VE MADE NO SECRET OF THE FACT
3:42	·	THAT EVENTUALLY, OUR INTENTION
3:43	·	HERE IS TO DEPLOY OUR OWN
3:46	·	CONSTELLATION SO HAVING A
3:47	·	MULTI-TON CAPABILITY,
3:50	·	HIGH-CADENCE LAUNCH VEHICLE IS A
3:51	·	GAME CHANGER FOR SURE.
3:52	·	CHARLES: THERE WAS ANTICIPATION
3:54	·	THAT THE LAUNCH IS A BIG MOVE
3:56	·	FROM FOURTH QUARTER THIS YEAR TO
3:57	·	FIRST QUARTER NEXT YEAR.
3:58	·	HOW COMFORTABLE YOU WERE SAYING
4:00	·	THAT'S CERTAINLY GOING TO
4:02	·	HAPPEN?
4:02	·	>> WELL LOOK.
4:05	·	IT'S A ROCKET PROGRAM, RIGHT?
4:06	·	AND ONE OF THE REASONS WHY WE
4:08	·	SHIFTED THAT A LITTLE BIT IS WE
4:09	·	HAVE A METHOD FOR DEVELOPING
4:11	·	THIS STUFF AND THAT METHOD HAS
4:13	·	PROVEN TO BE EXTREMELY GOOD AND
4:14	·	RELIABLE AND IF WE THINK ABOUT
4:16	·	IT LIKE THE REALITY IS IN
4:17	·	THE WORLD TODAY THERE'S BEEN TWO
4:19	·	COMMERCIAL COMPANIES THAT HAVE
4:21	·	BOUGHT A LAUNCH VEHICLE TO
4:22	·	MARKET AND MADE IT RELIABLE AND
4:24	·	SCALED INTO ANY KIND OF CADENCE
4:26	·	AND IT'S BASICS AND ROCKET LAB
4:28	·	AND WE AREN'T GOING TO DEVIATE
4:30	·	FROM OUR PATH THAT'S PROVEN TO
4:31	·	DEVELOP TECHNOLOGY RELIABLY AND
4:34	·	LOOK, NOBODY REMEMBERS A ROCKET
4:36	·	THAT TOOK A LITTLE BIT LONGER TO
4:37	·	GET TO THE LAUNCH PAD AND LAWN
4:39	·	OF SUCCESSFULLY.
4:40	·	EVERYBODY REMEMBERS THE ROCKET
4:41	·	THAT BLOWS UP THE LAUNCH PAD SO
4:45	·	JUST INTERESTED IN BEING IN
4:47	·	THAT.
4:47	·	CHARLES: I GOT YOU, YOU POINT
4:49	·	THAT OUT VERY OFTEN ON YOUR
4:51	·	WEBSITE.
4:51	·	BEFORE I LET YOU GO WE'RE TRYING
4:53	·	TO THINK OF WHERE ALL OF
4:54	·	THIS GOES CAN YOU QUANTIFY
4:56	·	THE TOTAL ADDRESSABLE MARKET
4:58	·	FOR THIS?
4:58	·	IT JUST FEELS LIKE THERE'S SO
4:59	·	MANY OPPORTUNITIES FOR YOU.
5:01	·	>> LOOK, THERE REALLY IS.
5:04	·	THE OPPORTUNITIES IN SPACE RIGHT
5:05	·	NOW ARE JUST MASSIVE AS YOU
5:07	·	POINT OUT AND REALLY, YOU KNOW,
5:08	·	IF I HAD TO SIT DOWN AND CAPTURE
5:11	·	THE GLASS OF WINE IT'S REALLY
5:12	·	A.I. AND SPACE, THE TWO BIG
5:15	·	OPPORTUNITIES AS WE STAND
5:17	·	FORWARD.
5:17	·	CHARLES: PETER, CONGRATULATIONS
5:18	·	MAN, YOU WERE AHEAD OF THE CURVE
5:20	·	AND HAVE DONE EXTRAORDINARILY
5:21	·	WELL AND COULD HAVE OWNED
5:23	·	THIS STOCK A LITTLE MORE THAN A
5:24	·	YEAR AGO FOR $5.50 S