The Untold Story Of Rocket Lab's Moat

  • Rocket Lab's satellites and Mynaric terminals create a high-margin data network driving secure, recurring sovereign revenue streams. Gross margin stability is critical, with management targeting above 30% as high-value missions ramp in the second half. Neutron's success could unlock $5.6 billion in NSSL Phase 3 Line 1 revenue, but delays risk margin drag and cash burn.