"Not Investing in Dreams": Rocket Lab's Subtle Dig at SpaceX?Rocket Lab CorporationBATS:RKLBBlackBull_MarketsOn page 10 of the presentation announcing Rocket Lab’s (NASDAQ: RKLB) acquisition of Iridium Communications (NASDAQ: IRDM), released June 29, 2026, there’s a line that reads like a dig at SpaceX (NASDAQ: SPCX): “Not investing in dreams.” I’ve taken this as Rocket Lab highlighting the practicality of the acquisition while also making fun of SpaceX’s mission to “extend the light of consciousness to the stars” and establish a colony on Mars. Has a company ever put out a more pretentious and unrealistic mission, and been rewarded by the market like SpaceX? (SpaceX has since tumbled to below its IPO price, so there is a tiny slither of justice in the world, I guess). Maybe it’s all just marketing, but to me the mission statement suggests an unseriousness with SpaceX. Sure, they can pull off some incredibly practical feats (and even this I’m proly underselling), but this unseriousness is just another red flag with the company (in addition to Musk’s voting rights, Musk’s nazi salutes, and SpaceX acquiring XAI and the social media platform X just weeks before the IPO). If you cannot tell already, I believe Rocket Lab looks and feels like the better investment just for being more realistic (while still being highly ambitious). But I want to scrutinise this assertion by diving deeper into something found on the last page of that same Iridium presentation, which potentially suggests there are new practical sources of revenue: “Rather than simply continuing Iridium’s network, we will build upon it to scale into untapped markets and pioneer new space-based services.” That was as much detail as Rocket Lab provided in the presentation, so we reached out for something a little more specific. First, I was interested in what they believe to be the “untapped markets,” how they discovered these markets, and why they were more suited to tap them than Iridium was before the acquisition. This was Rocket Lab’s practical-based response: > Secondly, I was interested in the “new space-based services.” The hope was that Rocket Lab was not making fanciful claims about some (ultimately unattainable) sources of revenue, like we might expect from SpaceX. With a quick scan of the below you’ll see that Rocket Lab is scoping out plans for military and non-military services. Nothing too fanciful yet. This is what they had to say about this: > From the Desk of M.O Additional research and stock news at https://blackbullresearch.substack.com/