Tom Gardner
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I think, can you give us a stock or two you like, Andy?
Obviously, you're interviewing me here, but I'd like to hear two from you.
Great leadership team.
Thank you very much, sir.
I will double down my research on that company.
Fool on.
We're so pleased to be spending this time with Sir Peter Beck, the founder and CEO of Rocket Lab.
Before going into our conversation, I'll just share, I don't know how familiar you are with The Motley Fool, but when we recommend companies and often put our own skin in the game with our members, we do so with a five-year contract.
a minimum holding period generally, and ideally multi-decade holding period.
So we like to assess the long-term vision and mission strategy and performance of the business.
And obviously, we don't want to put you in a position where you're having to give any forward-looking statements.
So just deny any of our long-term questions that you can't answer, but just letting you know that we really are most interested in the very long-term.
And our greatest investments, which is not unusual for people throughout their lives, are the ones that they held the longest period of time.
Now, I love my low cost basis of $25 a share right around there for Rocket Lab.
But Seth Jason, who's here, and Lou Whiteman, who can't be here today, both recommended the stock.
and owned the stock since it was below $5 a share.
So a lot of our Motley Fool members have gotten in some early low positions with the business.
But I think, Peter, we'd love to hear you just outline the main components of Rocket Lab, maybe beginning with space systems, since it's easy to overlook the segment, or many may view Rocket Lab as a launch company.
Can you just a walking tour of the business, please?
Can you talk about the interplay as an entrepreneur and an engineer between the importance of creativity and imagination, discovery and experimentation, and how crucial it is to execute down to a layer of detail and precision that, given the business, most people would ever encounter anything like what it takes to have the conviction when you put something on the launchpad that it's time to go?