Sir Peter Beck, founder and CEO of Long Beach and New Zealand-based Rocket Lab, talking about the position of his business and competing against Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin, stressed that Rocket Lab would not outspend the two but would out-innovate them. Rocket Lab is developing its Neutron reusable rocket, and the company is in the process of acquiring satellite operator Iridium. Rocket Lab is now expected to become profitable by 2027 following its Iridium acquisition with the combined company projected to earn ~$140 million next year. Iridium’s network established revenue position would offset Rocket Lab’s investment burn & create a vertically integrated launch, spacecraft & communications challenger to SpaceX. Rocket Lab is also developing its ‘Flatellite’ satellite solution for Low Earth orbiting constellations.