Jon Quast

Just for those who are like me and love space, there are some recent developments in the search for Planet Nine out there.

Just really cool things.

My biggest hang-up with these public companies has always been they're a little bit more on the

speculative end of the investment spectrum than what I'm usually comfortable with.

I have steered clear of space stocks in the past.

However, Rocket Lab is increasingly showing me that this is a sustainable, substantial, and a real business here.

It is one that's on my radar.

Me personally, when I am looking at an IPO prospectus, I'm looking for the longest term financial results that I can possibly get my hands on.

I want to look at long-term trends and I don't want to necessarily see big recent improvements with the business, especially without that long-term content.

context.

Tyler, you called this pre-IPO glow-up.

I think that's a wonderful way to describe this.

There are times when companies will engineer, let's say, financial results in such a way that it gets this maximum excitement going.

It's right before IPO.

It just makes little tweaks here and there to the business that makes it look way better than it is.

Then shortly after going public, the results go back to the normal trend line.

I can't remember which company it was anymore,

But I did see this one time where there was a company with just net losses, losses, losses, losses, suddenly profitable right before IPO, and then after IPO, back to the losses.

So if I can get my hands on the longer-term financial results, that's what I look for.

If I see that just recent, all of a sudden, everything is massively improved, I'm going to take a step back, wait a year or two, and see if this is actually a trend.