qinbafrank|6月 30, 2026 04:27
When the market doesn't talk about ethics, all we can rely on are excellent companies and amazing founders. Moved by RKLB's acquisition of Iridium Communications. Previously, this article provided a detailed overview of the space economy sector that has been deeply focused on since the end of last year and laid out its layout. Several previous simulations have been validated. And the last push raised a question: it was expected that there would be a wave of market demand after SpaceX's launch, which would drive another wave in the entire space economy sector. But in fact, the space economy sector fulfilled SpaceX's IPO expectations by the end of May, and then it continued to be drained. My personal rklb position only partially exited the high point at the end of May, and the remaining position also experienced a significant profit pullback. I used to think that the next wave of RKLB would have to wait for the neutron star rocket, but it will still take some time in the future.
I didn't expect RKLB to announce the full acquisition of Iridium Communications last night, such as here: https://(x.com)/qinbufark/status/2071579763274289496? S=46&t=k6rimWSEbo2D2TXolYcM-A suddenly upgraded the RKLB business model from the previous two wheel drive of launch and satellite system components to a three wheel drive of launch, satellite system components, satellite communication, and data services. Moreover, Iridium Communications itself is a cash flow business with an annual revenue of nearly 1 billion US dollars and a net profit of over 100 million US dollars, which is equivalent to a direct doubling of RKLB's revenue volume.
It can only be said that the imagination and business model building ability of excellent founders often turn the "impossible" into reality.
Peter Beck (founder of RKLB) has always emphasized "vertical integration" and "scaling", and in the past few years, through a series of precise acquisitions (Sinclair, Geost, Mynaric, Motiv, Optical Support, etc.), he has made the supply chain and capabilities increasingly complete. This acquisition of Iridium is another bold move by him to directly implement his "imagination" into a closed-loop business model.
Although the short-term stock price may fluctuate due to trading details, dilution, and integration risks, in the long run, this transaction greatly enhances RKLB's moat and growth ceiling. The fundamentals (launch backlog, large defense contracts, Neutron schedule) were already solid, but now with a mature satellite communication platform, the story is completely different.
The core is to look at the vision, imagination, and creativity of top founders in building business models.
Always trust the best and top founders - they often see the pattern 5-10 years from now, rather than the current stock price fluctuations.
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