Aerospace company Rocket Lab has produced big returns for long-term investors. Motley Fool co-founder and CEO Tom Gardner and analyst Seth Jason recently talked with Rocket Lab Founder and CEO Peter Beck about business, engineering, and entrepreneurship. Host: Tom Gardner, Seth Jason Guest: Peter Beck Producer: Bart Shannon, Mac Greer Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode Learn more about your ad choices. Visit megaphone.fm/adchoices
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It is a raging cauldron of hell and conflict sometimes in my head because I'm half entrepreneur who wants to take extreme risk and then half engineer who by nature is extremely conservative.
That was Rocket Lab founder and CEO Peter Beck. I'm Motley Fool producer Matt Greer. Now, Rocket Lab is an aerospace company with a launch business and a space systems business, and it has become a big business. Motley Fool co-founder and CEO Tom Gardner and Motley Fool analyst Seth Jason recently talked with Peter Beck about the business of Rocket Lab.
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?
Yeah, totally. Well, I mean, I always like to talk about Rocket Lab as an end-to-end space company because, you know, it's sort of almost sort of bisected into two parts. Like there's launch, which is, you know, the big roaring stick in the sky, which everybody gets excited about. And then there's space systems, which is kind of less visually glamorous, but of course a huge part of the business.
But both of these elements are necessary to deliver on kind of the key goal here and the key mission of being end-to-end space. And I think ultimately deploying infrastructure or services on orbit.
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