Ned Morgan's questions to Rocket Lab USA Inc (RKLB) leadership • Q2 2025
Question
Ned Morgan, on for Andre Madrid, asked if Rocket Lab is considering partnerships for the Golden Dome program and questioned the difference in financial upside between winning the SDA Tranche 3 contract as a prime versus a subcontractor.
Answer
CEO Sir Peter Beck stated that due to Rocket Lab's high degree of vertical integration, there is less need to form partnerships to deliver a complete solution. CFO Adam Spice clarified that the payload component, such as what GEOST provides, represents about 30% of the total platform value, making the opportunity significantly larger as a prime contractor, which is the company's goal.