Home Stock Ideas Long Ideas Industrial  Summary Rocket Lab is transitioning from a launch provider to a vertically integrated space and defense infrastructure company. Space Systems generated $136.7 million in quarterly revenue, overtaking Launch Services and reshaping Rocket Lab's long-term economics. Rocket Lab secured five Neutron launches through 2029 while maintaining pricing discipline instead of discounting backlog aggressively. RKLB now trades near 67x forward sales as investors increasingly price it like a future space infrastructure platform. 3DSculptor/iStock via Getty Images Rocket Lab's ( RKLB ) rally had a lot to do with both operational progress and a major re-rating play in the sector thanks to SpaceX ( SPACE ) enthusiasm. Indeed, the earnings release showed accelerated revenue growth, a record backlog, strong Analyst’s Disclosure: I/we have a beneficial long position in the shares of RKLB either through stock ownership, options, or other derivatives.…