Rocket Lab Due-Diligence (DD)

‘We Open Access to Space to Improve Life on Earth.’

Introduction

With the 2024 first launch of the Rocket Lab Mega Constellation Launcher—The Neutron—fast approaching, I decided it is high time for a more up-to-date DD on Rocket Lab. A lot is happening in the industry, the company, and the world. I have decided to dive into the future, fundamentals, industry, funding, financials, dreams, and of course, the memes of the aspiring space company. Now, I am posting my DD into both of the Rocket Lab subreddit, as I am new to writing DD and I want to hit as wide of an audience as I can. One disclaimer (for those who do not like stock talk), this DD is not meant to encourage buying of the stock, nor is it financial advice or a stock-only DD, I merely want to dive into this company and simply spark some discussion on it!
Now, Rocket Lab is a private aerospace manufacturer and small satellite launch service provider. The company was founded in 2006 by Peter Beck and is headquartered in Long Beach, California, with additional facilities in New Zealand and Australia. Rocket Lab specializes in the development and launch of small rockets capable of delivering payloads of up to 300 kilograms to low Earth orbit. Rocket Lab—self-designated as a leader in launch and space systems—is a company that has a chance at becoming a highly profitable giant over the next decade and beyond. In my honest opinion, Rocket Lab currently thrives off of the crumbs of the current space industry ecosystem. With Space X increasingly focused upon one goal—thanks to their controversial, yet nevertheless, fearless leader—being Mars, Rocket Labs can (and in my opinion will) become one of the go-to space companies for low earth orbit launches in the near term and in the long-term become one of the go-to space company for launches between the Moon, Venus, and Mars as well. Rocket Lab currently lives off of the crumbs left behind by NASA, Space X, and the United States military-industrial complex.
Like these two legends from the movie War Dogs, Rocket Lab is determined to become the go-to space company for transporting all types of goods into orbit. For those of you who have not seen the movie (I personally highly recommend it), essentially, when these two start their arms-dealing company, they focus upon all of the small contracts that the government is putting out for arms supplies. The contracts that the big players are ignoring, due to their small sizes, even so, these small contracts are worth hundreds of thousands to low millions. Now, this is where Rocket Lab currently lies in the industry.
\"A new space race has begun, and most Americans are not even aware of it. This race is not [about] political prestige or military power. This new race involves the whole human species in a contest against time.\" - Ben Bova
Now, before I dive into everything here, I need every to understand that this industry is on the verge of immense change and rapid evolution. We are currently in the first stage of the world’s Second Space Race. As a student of History, I can confidently tell you that there are murmurings within the historical community, that this is the case, beginning with the creation and success of Space X’s first reusable rocket: the Falcon 9. On December 21st of 2015, when the first Falcon 9 was launched and the landing was successful with the first stage fully recovered, the race began. In the same way that there is no single company above all others in the airline, shipping & transportation, or car manufacturing industries, is the same reason I do not believe that Space X will alone run the space industry’s transportation needs. There is plenty of room for companies like Rocket Lab to fill the gaps Space X cannot and in a decade’s time, there will be plenty of room for even more companies. Yet, there are no companies that are even close to competing with Space X—other than Rocket Lab—at this time. Now, I won’t go deeply into most of these competitors in this deep dive, but to be short, Astra is on the verge of total failure, Virgin Galactic has been playing an entirely different game—space tourism, which there is a massive market for, just perhaps won’t be penetrated by them—they likewise seem to be failing. While Blue Origin has been playing a strong game and Space X an even stronger one, albeit more and more focused solely on Mars as the years go on.
Here you can see the 1-year charts of Rocket Lab, Astra, Virgin, and Boeing for reference, as you can see, these charts speak volumes. Rocket Lab has been having a tough year but has found a nice bottom and is consistently bouncing from lows in the $2.92-3 range. While Astra has been reduced to a penny stock, with their future unknown. Virgin Galactic is only maintaining below Rocket Lab’s share price, partly due to the large number of Retail investors that do not know much and refuse to let it die, coupled with a small hope that the company can recover in the coming years. Boeing is here for reference as to what a successful, large-cap company involved in a similar industry (and the space industry as well), should look like over the course of a decent year.
Now, there are a few assumptions that I am making that we need to cover before diving into the real DD: Whether it be because we live in the beginnings of a second Space Race (fueled by privatized space companies and the world’s governments) or because of technological advancement and a rising interest in space, the increase in rocket launches, space development (in Earth’s orbit, the Moon, and Mars), and the lowering costs of space launches… it will become exponentially cheaper, easier, and faster to launch into orbit and the industry as a whole will have a massive boom—akin, in a way, to the industrial revolution—over the mid-to-late 2020s into the early 2030s. With the mid-to-end 2030s and early 2040s, we will see massive developments in terms of low-Earth orbit manufacturing facilities, tourist destinations, and stations, as well as settlements on the Moon for mining and refueling for greater exploration and colonization of the Sol System as a whole.
Now these are in part assumptions, but I think once one does the research and looks at the fact, all of this is very achievable. Even if it does not occur in this way, you can shift the dates by an additional decade and every time you do, the more likely, easier, and cheaper it all becomes.
Rocket Lab's business model revolves around providing cost-effective and frequent access to space for small satellite operators. The company aims to simplify the process of deploying satellites by offering dedicated launches on its Electron rocket. Rocket Lab operates as an end-to-end service provider, handling the entire launch process from mission planning and payload integration to launch and on-orbit operations.

Section 1: Rocket Lab Takes Flight! The Electron & the Neutron

‘Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and an on-orbit management.’ – Rocket Labs
Rocket Lab's primary launch vehicle, the Electron, is a two-stage rocket powered by Rutherford engines, which use electric-pump-fed LOX/RP-1 propellants. The Electron is designed to optimize cost, flexibility, and rapid launch capability for small satellites. Rocket Lab has demonstrated numerous successful launches since its inaugural flight in 2017, showcasing its technological prowess and reliability. The small satellite market has been growing rapidly, driven by increased demand for data collection, communications, and Earth observation. Rocket Lab's focus on dedicated launches for small satellites positions it well to capture a significant portion of this expanding market. The company has already established a solid customer base, securing contracts with government agencies, research institutions, and commercial entities.
Rocket Labs—at the time of writing this—has had 37 launches—with a 91.89% success rate—deployed 164 satellites, operates 3 launch pads, and is maintaining 3 Photon Satellites in the Earth’s orbit. Of the 164 satellites launched by Rocket Labs, they were commissioned to do so by a wide variety of clients, from NASA, Space Force, DARPA, to Canon. Rocket Labs is supported by Future Fund: Australia’s Sovereign Wealth Fund, Khosla Ventures, Bessemer Venture Partners, Data Collective, Greenspring Associates, ACC, Promus Ventures, L One W One Ltd., and Lockheed Martin.
Rocket Lab’s main rocket, the Electron—built and operated by Rocket Lab—has flown 37 times and been successful 34 times, with only 3 failures. Rocket Lab’s key areas of business penetration lie in the launch of mid-sized service rockets, the manufacturing of space systems and satellites, and their adept ability to manufacture industrial space parts, applications, and proponents. The latter of which, they are sort of unopposed in terms of competition.
The Neutron—Rocket Lab’s medium-lift, mega constellation launcher—will be able to launch 13,000 kilograms into low Earth orbit and it will be …drum roll please… reusable! The current goal is for it to launch in 2024. It will be designed for not only low earth orbital supply missions, but also deep space missions, and even human spaceflight. It will be fairing a design allowing for full reusability of the first stage and it will be lightweight, being made of Rock Lab’s own carbon composite structure. The home base for the Neutron will be at the Neutron Production Complex and the launch pad at the NASA Wallops Flight Facility and Mid-Atlantic Regional Spaceport on the Eastern Shore of Virginia.
‘The Neutron Production Complex will be home to a rocket production, assembly, and integration facility, as well as a dedicated launch pad for the Neutron rocket located on the southern end of Wallops Island. The estimated 250,000 square foot state-of-the-art complex will be constructed on a 28-acre site adjacent to the Wallops Island Flight Facility and will include a Launch Control Center, Rocket Lab’s fifth global operations center for launch activities and on-orbit operations. To support rapid production of the Neutron rocket, current plans for the complex include automated fiber placement robotic production systems capable of laying up meters of Neutron’s new, specially formulated carbon composite structures in minutes. As a reusable rocket, Neutron is designed to land back on the Launch Complex 3 pad after a mission and from there it would be returned to the production complex for refurbishment and re-flight.’
With Space X dominating large-load space orbital flight and transportation, Rocket Labs, in my honest opinion, is where Space X was roughly something like 6-8 years ago. While Rocket Lab intends to compete with Space X—whether it will be considered competition in an industry this brand new and small, time will tell—for cargo and humans to the low Earth orbit, the Moon, Mars, and even Venus! Space X and Elon Musk have made it abundantly clear that the goal of Space X is the large-scale settlement of Mars. While later models of Rocket Lab’s Neutron will be able to go to Mars and Venus, it appears that is not their main goal. In the near term (being the next two decades), they will be looking to dominate the low Earth orbit and Moon market as well as the manufacturing of industrial space parts, applications, and proponents.

Section 2: The Space Industry & Company Fundamentals

Rocket Lab faces competition from other commercial launch providers, such as SpaceX, Blue Origin, and Virgin Orbit. However, the company differentiates itself by specializing in small satellite launches, offering a tailored solution for this niche market. Rocket Lab's Electron rocket provides the advantage of dedicated launches and the flexibility to reach specific orbits, making it an attractive option for small satellite operators.
Rocket Lab has raised significant funding through various investment rounds, securing capital from venture capital firms, strategic partners, and government entities. Notable investors include Khosla Ventures, Bessemer Venture Partners, and Lockheed Martin. The company's ability to attract substantial investment indicates confidence in its business model and growth potential. Rocket Lab operates within the regulatory framework of the countries in which it launches its rockets. The company holds necessary licenses and approvals from government agencies, such as the Federal Aviation Administration (FAA) in the United States and the New Zealand Civil Aviation Authority (CAA). Compliance with safety regulations and adherence to environmental guidelines are crucial aspects of Rocket Lab's operations.
Despite its achievements, Rocket Lab faces several risks and challenges. The space industry is highly competitive, and the success of the company depends on its ability to secure launch contracts and maintain a steady launch cadence. Regulatory changes, launch failures, or delays could impact Rocket Lab's operations and reputation. Additionally, the emergence of new technologies or market disruptors could pose a threat to the company's market position
Now, let’s talk about the elephant in the room, the Quarterly Results. To preface, negative quarterly results mean—pardon my French—jack-shit (at least in the short term) for a company such as Rocket Lab, that is looking at penetrating a market such as the space industry. We are going to look at the past four Quarterly Results in chronological order.
Q2 2022 Report: Rocket Lab achieved record revenue of $55.5 million, showing significant growth compared to the previous quarter (36% sequential growth) and the same quarter in the previous year (392% YoY growth). Despite the revenue growth, the company reported a negative EPS of $-0.08, indicating a net loss for the quarter.
Q3 2022 Report: Another record revenue was achieved, reaching $63.1 million, with a sequential growth of 14% and an impressive YoY growth of 1,093%. The company's EPS improved slightly to $-0.07 but still remained negative. The fourth quarter revenue is expected to be lower, ranging between $51 million and $54 million, as a launch customer's push extends into 2023.
Q4 2022 Report: The company's revenue for Q4 reached $51.8 million, showing a healthy year-over-year growth of 88%. The full-year revenue for fiscal 2022 amounted to $211 million, reflecting substantial growth of 239% compared to the previous year. The EPS remained negative at $-0.08.
Q1 2023 Report: The revenue for Q1 2023 was $54.9 million. Increasing revenue by 35% in the first quarter of 2023. Revenue from their launch business was $19.6 million, up $12 million from the prior quarter. Their EPS was $-0.08, indicating strong maintenance of their business. The second quarter is expected to show a significant revenue increase, with an estimated range of $60 million to $63 million.
Now, what does this all tell us? Firstly, they were very forthcoming with the quarterly expectations. Something one might think is not a big deal, but considering how a lot of publicly traded companies operate, this is a good thing. In each of their earnings reports, they have nearly exactly estimated their results, showing they are not attempting to mislead investors. The company has experienced impressive revenue growth throughout the reported quarters, indicating strong market performance and demand for its products/services. However, the negative EPS values suggest that the company is still operating at a net loss. From a shareholder’s perspective, the company's focus should be on achieving profitability and reducing the negative EPS, while maintaining consistent revenue growth. In my opinion, this stock is sitting just below a fair market value for what it is right now, sitting at just over $4, considering they are not fully profitable. Yet Rocket Lab continues to grow its business, making more contracts, and it stands a competitive chance. If they can turn a profit within 2-3 years, I think they will be one hell of a company. With their competitors failing left and right and none finding the success as Rocket Lab—other than Space X—they could stand to be a massive company in a few decades, so massive, they’re bigger than Earth.
One last financial point to touch upon… shorting, so here is some data, which is roughly one month outdated due to my difficulty in finding up-to-date information on the company without a Bloomberg Terminal (So, if anyone on the sub has access to a Bloomberg Terminal and would like to add to my DD in the comments, please do).
Last Record Date: May 15, 2023
Outstanding Shares: 478,660,000 shares
Float Size: 262,310,000 shares
Short Percent of Float: 9.80% (The short percent of float represents the percentage of shares available for trading that have been sold short).
Average Trading Volume: 4,044,396 shares
Current Short Volume: 25,710,000 shares
Previous Short Volume: 24,630,000 shares
Change Vs. Previous Month: +4.38%
Dollar Volume Sold Short: $111.58 million
Short Interest Ratio / Days to Cover: 7.7 (This ratio indicates the number of days it would take for the short sellers to cover their positions based on the average daily trading volume.).
The short interest in Rocket Lab has increased from the previous month, with a change of +4.38%. The short percent of the float is 9.80%, indicating that a significant portion of the available shares for trading has been sold short. Now, Rocket Lab’s short interest is relatively low for a company that has had consistent negative EPS and revenue. Showcasing that the big players in markets either A) believe this company will make a massive turnaround in the near future (1-3 years mark) or B) Rocket Lab, due to its size, is thankfully not on their radar. However, that said, the off-exchange short percentage is 57.69%, showcasing that A) public on-exchange short volume is a complete hoax and Hedge Funds, and other big players are beating down on the stock or B) all of this information is completely misrepresented to retail traders on purpose and the entirety of the United States market system is a complete farce.

Section 3: Future Prospects & Big Moves

Rocket Lab has demonstrated strong performance and growth potential in the emerging small satellite launch market. The company continues to refine its launch processes, aiming to increase launch frequency and reduce costs further. Additionally, Rocket Lab has plans to develop a larger reusable rocket called Neutron, targeting the medium-lift market segment, which would expand its capabilities and market reach. The company has the potential to be the go-to company for low Earth orbital launches in the short term and in the long term, one of, if not the go-to company, for transportation to the Moon, Mars, and Venus.
Peter Beck, founder and CEO of Rocket Lab, did an interview last month on his take on the industry and their future prospects. I wanted to touch briefly on this (you can find the video on YouTube).
Firstly, the video begins with the commentator stating, "With the Space Race this week," the Space X rocket, the most powerful ever built, has scrubbed its launch. While Rocket Lab is adding a new service for testing hypersonic sub-orbital launches, being a welcome addition to the company’s wide array of services. Beck states that it is a very exciting time, stating that “the United States is kind of lacking behind in hypersonic technologies and this is a great opportunity to have high cadence, test flight environment for these payloads to really move forward the US’s hypersonic research.” He goes on to talk about how these capabilities are essentially repurposed from Rocket Lab’s Electron Rocket capabilities: “We take a standard Electron orbital-class launch vehicle and we fly it in some really unique trajectories to provide these hypersonic trajectories… it is taking an Electron and making a couple wee tweaks to it and having a great high frequency hypersonic testing platform that hasn’t existed.” Beck goes on to speak on the launch cadence “being on target for 15 flights” this year with the fastest turn around this year being 7 days between flights, saying “the machine is cranking and the vehicles are flying successfully and the last flight was a reusable vehicle and we splashed that down successfully and now we’re kind at the point where we are recycling and harvesting engines and components off of those launch vehicles and getting ready to put them back into service and re-fly them.” He continues, stating, “I’m not sure if I’m allowed to say exactly, but… a whole multiple gambit of reused components that are all now re-entering the production line and going back into service.” Morgan Brennan, the interviewer then speaks to how there is this emerging mismatch between supply and demand when it comes to the satellite launch market, with the fact that there are so many satellite constellations that are poised to go into orbit in the coming years and not enough capacity in terms of launching them. So, she then asks about the reusability of Electron and the development of the Neutron. Beck states that, “Electron is really serving that market very well, and there are lots of flight opportunities that are sort of just doing its thing, Neutron is the new flight opportunity for us… 2026 to 2030 timeframe there is a massive deficit in launch and there are lots of constellations that are all really vying for an ability to get in orbit, so we saw that coming and started work on the vehicle and hopefully we can bring it into service in 2024 and really solve some of those problems and take advantage of that market opportunity.”
Now, I don’t have to tell you all that this is very good to hear from Beck and this is very exciting, showcasing that he really believes Rocket Lab can penetrate this market and become a big player in the ever-evolving industry.
Rocket Lab Making Big Moves Lately:
· Bought SPCE launch platforms in Florida, this was a big win for the company, and folk on the sub were very excited to see this happen. Yay! But, sad and unfortunate for Virgin Galactic, which I am sure many of us space enthusiasts had higher hopes for, oh well, not everyone can achieve their dreams.
· Rocket Lab reached a new Company record of nine launches within a calendar year.
· Achieved a record of 100% mission success for Electron launches for the year.
· Successfully launched CAPSTONE mission to the Moon for NASA, including the first demonstration of Lunar Photon spacecraft platform.
· Successfully deployed two satellites to space for NASA’s TROPICS mission on the first of two dedicated launches on Electron for the constellation scheduled in May 2023.
· Secured another NASA mission to Electron’s 2023 launch manifest with its Starling mission. Rocket Lab was selected by NASA to launch the Starling mission on an expedited timeline due to long delays and uncertainty with the mission’s original launch provider.
· Signed multiple new launch contracts on Electron for 2023 for undisclosed commercial satellite customers previously manifested on another small launch vehicle, demonstrating Electron’s strong position as a reliable and dependable ride to orbit for small satellite operators.
· Introduced Rocket Lab’s new HASTE launch vehicle, a suborbital testbed launch vehicle derived from the Company’s Electron rocket to provide reliable, high-cadence flight test opportunities to support the development of advanced hypersonic systems technology.
· Announced that the Company will fly a pre-launched 3D printed Rutherford engine on an upcoming mission in Q3’23, a major step in evolving the Electron launch vehicle into a reusable rocket.
· Delivered financial results that exceeded the high end of prior guidance for revenue and gross margin.
· Launched three successful Electron missions in the first quarter for commercial constellation operators HawkEye 360, Capella Space, and BlackSky.
· Successfully completed the Company’s first launch from its U.S. launch site, Rocket Lab Launch Complex 2, at the Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport on January 24, 2023. The mission deployed three satellites for radio frequency geospatial analytics provider HawkEye 360.
· Successfully completed the Company’s fastest turnaround between launches to date – just seven days between its 34th Electron launch, “Stronger Together”, from Rocket Lab Launch Complex 2 in Virginia on March 16, 2023, and its 35th Electron launch, “The Beat Goes On”, from Rocket Lab Launch Complex 1 in New Zealand on March 24, 2023.
· Rocket Lab remains the only U.S. commercial small launch provider to successfully deliver satellites to orbit in 2023. Secured a multi-mission contract with Capella Space to launch four more dedicated launches on Electron in 2023.
· Achieved programmatic milestones for the Company’s two Photon spacecraft to support NASA’s ESCAPADE mission to Mars, and for the Photon spacecraft for a Varda Space Industries’ mission to manufacture high-value products in zero gravity. Both Photon programs include Rocket Lab star trackers, reaction wheels, solar panels, flight software, and radios – demonstrating the value and strength of the Company’s vertical integration and in-house supply chain.

Conclusion: An Ode to Humanity's Future

Rocket Lab has established itself as a leading player in the small satellite launch market, offering dedicated launch services tailored to the needs of small satellite operators. The company's technological capabilities, solid customer base, and innovative approach position it well for future growth.
Those who lived and grew up in the 1960s and 1970s believed that by the 21st century, mankind would be a space-faring civilization. People had a fascination with the unknown. It was embedded in pop culture, in movies like the 2001 Space Odyssey, Alien, and the Star Trek series. But the unfortunate truth is that after Apollo 17 on the 19th of December 1972, mankind has not left low-earth orbit. The American public lost interest, the government cut funding, and the Saturn V rockets were dismantled and replaced by space shuttles in the 1980s (spaceships not even built to leave low-earth orbit). The curiosity and desire to unravel the mystery of the universe are now again filling the hearts of people. Technology is becoming more advanced and cheaper.
With companies like Rocket Lab and Space X, the future is looking bright. We currently live in an era of mass information. One of the hardest aspects of life in the early-21st-century is learning how to filter all this information. The news of the accomplishments of Rocket Lab, Space X, Blue Origin, Lockheed Martin, Boeing, the Indian Space Research Organization (ISRO), the Chinese National Space Administration (CNSA), the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA), and Space Force, are lost in the large volume of collective data. The average person does not believe how close we are to colonizing Luna and Mars; how close we are to becoming a multi-planetary species. If you walked up to someone on the street of New York City, today, and told them that in the mid-2040s, and by the latest, the 2050s, there will be hundreds if not thousands of people living in Earth's orbit, the upper atmosphere of Venus, the Moon, and Mars, the person would dismiss you in disbelief. But the same would have happened if you walked up to a person on the street of New York City on the 19th of July 1962 (before Kennedy’s speech) and told them that mankind would step foot on the moon in seven years. Companies like Rocket Lab, which will make orbital flight and transportation affordable, will allow for a new era of civilization, one which was only present and dreamed of in science fiction of the past.
The Earth, as imaged from the Voyager 1 spacecraft, was suspended in a sunbeam, as the interstellar craft exited the Sol system in 1990. Earth is nearly 4 billion miles away in this image. That is us. That is humanity, all of us that have thus far, ever existed. We take to the stars in search of not only answers but in search of a purpose.

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Rocket Lab Due-Diligence (DD)

‘We Open Access to Space to Improve Life on Earth.’

Introduction

With the 2024 first launch of the Rocket Lab Mega Constellation Launcher—The Neutron—fast approaching, I decided it is high time for a more up-to-date DD on Rocket Lab. A lot is happening in the industry, the company, and the world. I have decided to dive into the future, fundamentals, industry, funding, financials, dreams, and of course, the memes of the aspiring space company. Now, I am posting my DD into both of the Rocket Lab subreddit, as I am new to writing DD and I want to hit as wide of an audience as I can. One disclaimer (for those who do not like stock talk), this DD is not meant to encourage buying of the stock, nor is it financial advice or a stock-only DD, I merely want to dive into this company and simply spark some discussion on it!
Now, Rocket Lab is a private aerospace manufacturer and small satellite launch service provider. The company was founded in 2006 by Peter Beck and is headquartered in Long Beach, California, with additional facilities in New Zealand and Australia. Rocket Lab specializes in the development and launch of small rockets capable of delivering payloads of up to 300 kilograms to low Earth orbit. Rocket Lab—self-designated as a leader in launch and space systems—is a company that has a chance at becoming a highly profitable giant over the next decade and beyond. In my honest opinion, Rocket Lab currently thrives off of the crumbs of the current space industry ecosystem. With Space X increasingly focused upon one goal—thanks to their controversial, yet nevertheless, fearless leader—being Mars, Rocket Labs can (and in my opinion will) become one of the go-to space companies for low earth orbit launches in the near term and in the long-term become one of the go-to space company for launches between the Moon, Venus, and Mars as well. Rocket Lab currently lives off of the crumbs left behind by NASA, Space X, and the United States military-industrial complex.
Like these two legends from the movie War Dogs, Rocket Lab is determined to become the go-to space company for transporting all types of goods into orbit. For those of you who have not seen the movie (I personally highly recommend it), essentially, when these two start their arms-dealing company, they focus upon all of the small contracts that the government is putting out for arms supplies. The contracts that the big players are ignoring, due to their small sizes, even so, these small contracts are worth hundreds of thousands to low millions. Now, this is where Rocket Lab currently lies in the industry.
\"A new space race has begun, and most Americans are not even aware of it. This race is not [about] political prestige or military power. This new race involves the whole human species in a contest against time.\" - Ben Bova
Now, before I dive into everything here, I need every to understand that this industry is on the verge of immense change and rapid evolution. We are currently in the first stage of the world’s Second Space Race. As a student of History, I can confidently tell you that there are murmurings within the historical community, that this is the case, beginning with the creation and success of Space X’s first reusable rocket: the Falcon 9. On December 21st of 2015, when the first Falcon 9 was launched and the landing was successful with the first stage fully recovered, the race began. In the same way that there is no single company above all others in the airline, shipping & transportation, or car manufacturing industries, is the same reason I do not believe that Space X will alone run the space industry’s transportation needs. There is plenty of room for companies like Rocket Lab to fill the gaps Space X cannot and in a decade’s time, there will be plenty of room for even more companies. Yet, there are no companies that are even close to competing with Space X—other than Rocket Lab—at this time. Now, I won’t go deeply into most of these competitors in this deep dive, but to be short, Astra is on the verge of total failure, Virgin Galactic has been playing an entirely different game—space tourism, which there is a massive market for, just perhaps won’t be penetrated by them—they likewise seem to be failing. While Blue Origin has been playing a strong game and Space X an even stronger one, albeit more and more focused solely on Mars as the years go on.
Here you can see the 1-year charts of Rocket Lab, Astra, Virgin, and Boeing for reference, as you can see, these charts speak volumes. Rocket Lab has been having a tough year but has found a nice bottom and is consistently bouncing from lows in the $2.92-3 range. While Astra has been reduced to a penny stock, with their future unknown. Virgin Galactic is only maintaining below Rocket Lab’s share price, partly due to the large number of Retail investors that do not know much and refuse to let it die, coupled with a small hope that the company can recover in the coming years. Boeing is here for reference as to what a successful, large-cap company involved in a similar industry (and the space industry as well), should look like over the course of a decent year.
Now, there are a few assumptions that I am making that we need to cover before diving into the real DD: Whether it be because we live in the beginnings of a second Space Race (fueled by privatized space companies and the world’s governments) or because of technological advancement and a rising interest in space, the increase in rocket launches, space development (in Earth’s orbit, the Moon, and Mars), and the lowering costs of space launches… it will become exponentially cheaper, easier, and faster to launch into orbit and the industry as a whole will have a massive boom—akin, in a way, to the industrial revolution—over the mid-to-late 2020s into the early 2030s. With the mid-to-end 2030s and early 2040s, we will see massive developments in terms of low-Earth orbit manufacturing facilities, tourist destinations, and stations, as well as settlements on the Moon for mining and refueling for greater exploration and colonization of the Sol System as a whole.
Now these are in part assumptions, but I think once one does the research and looks at the fact, all of this is very achievable. Even if it does not occur in this way, you can shift the dates by an additional decade and every time you do, the more likely, easier, and cheaper it all becomes.
Rocket Lab's business model revolves around providing cost-effective and frequent access to space for small satellite operators. The company aims to simplify the process of deploying satellites by offering dedicated launches on its Electron rocket. Rocket Lab operates as an end-to-end service provider, handling the entire launch process from mission planning and payload integration to launch and on-orbit operations.

Section 1: Rocket Lab Takes Flight! The Electron & the Neutron

‘Rocket Lab is an end-to-end space company delivering reliable launch services, complete spacecraft design and manufacturing, satellite components, flight software, and on-orbit management.’ – Rocket Labs
Rocket Lab's primary launch vehicle, the Electron, is a two-stage rocket powered by Rutherford engines, which use electric-pump-fed LOX/RP-1 propellants. The Electron is designed to optimize cost, flexibility, and rapid launch capability for small satellites. Rocket Lab has demonstrated numerous successful launches since its inaugural flight in 2017, showcasing its technological prowess and reliability. The small satellite market has been growing rapidly, driven by increased demand for data collection, communications, and Earth observation. Rocket Lab's focus on dedicated launches for small satellites positions it well to capture a significant portion of this expanding market. The company has already established a solid customer base, securing contracts with government agencies, research institutions, and commercial entities.
Rocket Labs—at the time of writing this—has had 37 launches—with a 91.89% success rate—deployed 164 satellites, operates 3 launch pads, and is maintaining 3 Photon Satellites in the Earth’s orbit. Of the 164 satellites launched by Rocket Labs, they were commissioned to do so by a wide variety of clients, from NASA, Space Force, DARPA, to Canon. Rocket Labs is supported by Future Fund: Australia’s Sovereign Wealth Fund, Khosla Ventures, Bessemer Venture Partners, Data Collective, Greenspring Associates, ACC, Promus Ventures, L One W One Ltd., and Lockheed Martin.
Rocket Lab’s main rocket, the Electron—built and operated by Rocket Lab—has flown 37 times and been successful 34 times, with only 3 failures. Rocket Lab’s key areas of business penetration lie in the launch of mid-sized service rockets, the manufacturing of space systems and satellites, and their adept ability to manufacture industrial space parts, applications, and proponents. The latter of which, they are sort of unopposed in terms of competition.
The Neutron—Rocket Lab’s medium-lift, mega constellation launcher—will be able to launch 13,000 kilograms into low Earth orbit and it will be …drum roll please… reusable! The current goal is for it to launch in 2024. It will be designed for not only low earth orbital supply missions, but also deep space missions, and even human spaceflight. It will be fairing a design allowing for full reusability of the first stage and it will be lightweight, being made of Rock Lab’s own carbon composite structure. The home base for the Neutron will be at the Neutron Production Complex and the launch pad at the NASA Wallops Flight Facility and Mid-Atlantic Regional Spaceport on the Eastern Shore of Virginia.
‘The Neutron Production Complex will be home to a rocket production, assembly, and integration facility, as well as a dedicated launch pad for the Neutron rocket located on the southern end of Wallops Island. The estimated 250,000 square-foot state-of-the-art complex will be constructed on a 28-acre site adjacent to the Wallops Island Flight Facility and will include a Launch Control Center, Rocket Lab’s fifth global operations center for launch activities and on-orbit operations. To support rapid production of the Neutron rocket, current plans for the complex include automated fiber placement robotic production systems capable of laying up meters of Neutron’s new, specially formulated carbon composite structures in minutes. As a reusable rocket, Neutron is designed to land back on the Launch Complex 3 pad after a mission and from there it would be returned to the production complex for refurbishment and re-flight.’
With Space X dominating large-load space orbital flight and transportation, Rocket Labs, in my honest opinion, is where Space X was roughly something like 6-8 years ago. While Rocket Lab intends to compete with Space X—whether it will be considered competition in an industry this brand new and small, time will tell—for cargo and humans to the low Earth orbit, the Moon, Mars, and even Venus! Space X and Elon Musk have made it abundantly clear that the goal of Space X is the large-scale settlement of Mars. While later models of Rocket Lab’s Neutron will be able to go to Mars and Venus, it appears that is not their main goal. In the near term (being the next two decades), they will be looking to dominate the low Earth orbit and Moon market as well as the manufacturing of industrial space parts, applications, and proponents.

Section 2: The Space Industry & Company Fundamentals

Rocket Lab faces competition from other commercial launch providers, such as SpaceX, Blue Origin, and Virgin Orbit. However, the company differentiates itself by specializing in small satellite launches, offering a tailored solution for this niche market. Rocket Lab's Electron rocket provides the advantage of dedicated launches and the flexibility to reach specific orbits, making it an attractive option for small satellite operators.
Rocket Lab has raised significant funding through various investment rounds, securing capital from venture capital firms, strategic partners, and government entities. Notable investors include Khosla Ventures, Bessemer Venture Partners, and Lockheed Martin. The company's ability to attract substantial investment indicates confidence in its business model and growth potential. Rocket Lab operates within the regulatory framework of the countries in which it launches its rockets. The company holds necessary licenses and approvals from government agencies, such as the Federal Aviation Administration (FAA) in the United States and the New Zealand Civil Aviation Authority (CAA). Compliance with safety regulations and adherence to environmental guidelines are crucial aspects of Rocket Lab's operations.
Despite its achievements, Rocket Lab faces several risks and challenges. The space industry is highly competitive, and the success of the company depends on its ability to secure launch contracts and maintain a steady launch cadence. Regulatory changes, launch failures, or delays could impact Rocket Lab's operations and reputation. Additionally, the emergence of new technologies or market disruptors could pose a threat to the company's market position
Now, let’s talk about the elephant in the room, the Quarterly Results. To preface, negative quarterly results mean—pardon my French—jack-shit (at least in the short term) for a company such as Rocket Lab, that is looking at penetrating a market such as the space industry. We are going to look at the past four Quarterly Results in chronological order.
Q2 2022 Report: Rocket Lab achieved record revenue of $55.5 million, showing significant growth compared to the previous quarter (36% sequential growth) and the same quarter in the previous year (392% YoY growth). Despite the revenue growth, the company reported a negative EPS of $-0.08, indicating a net loss for the quarter.
Q3 2022 Report: Another record revenue was achieved, reaching $63.1 million, with a sequential growth of 14% and an impressive YoY growth of 1,093%. The company's EPS improved slightly to $-0.07 but still remained negative. The fourth quarter revenue is expected to be lower, ranging between $51 million and $54 million, as a launch customer's push extends into 2023.
Q4 2022 Report: The company's revenue for Q4 reached $51.8 million, showing a healthy year-over-year growth of 88%. The full-year revenue for fiscal 2022 amounted to $211 million, reflecting substantial growth of 239% compared to the previous year. The EPS remained negative at $-0.08.
Q1 2023 Report: The revenue for Q1 2023 was $54.9 million. Increasing revenue by 35% in the first quarter of 2023. Revenue from their launch business was $19.6 million, up $12 million from the prior quarter. Their EPS was $-0.08, indicating a strong maintenance of their business. The second quarter is expected to show a significant revenue increase, with an estimated range of $60 million to $63 million.
Now, what does this all tell us? Firstly, they were very forthcoming with the quarterly expectations. Something one might think is not a big deal, but considering how a lot of publicly traded companies operate, this is a good thing. In each of their earnings reports, they have nearly exactly estimated their results, showing they are not attempting to mislead investors. The company has experienced impressive revenue growth throughout the reported quarters, indicating strong market performance and demand for its products/services. However, the negative EPS values suggest that the company is still operating at a net loss. From a shareholder’s perspective, the company's focus should be on achieving profitability and reducing the negative EPS, while maintaining consistent revenue growth. In my opinion, this stock is sitting just below a fair market value for what it is right now, sitting at just over $4, considering they are not fully profitable. Yet Rocket Lab continues to grow its business, making more contracts, and it stands a competitive chance. If they can turn a profit within 2-3 years, I think they will be one hell of a company. With their competitors failing left and right and none finding the success as Rocket Lab—other than Space X—they could stand to be a massive company in a few decades, so massive, they’re bigger than Earth.
One last financial point to touch upon… shorting, so here is some data, which is roughly one month outdated due to my difficulty in finding up-to-date information on the company without a Bloomberg Terminal (So, if anyone on the sub has access to a Bloomberg Terminal and would like to add to my DD in the comments, please do).
Last Record Date: May 15, 2023
Outstanding Shares: 478,660,000 shares
Float Size: 262,310,000 shares
Short Percent of Float: 9.80% (The short percent of float represents the percentage of shares available for trading that have been sold short).
Average Trading Volume: 4,044,396 shares
Current Short Volume: 25,710,000 shares
Previous Short Volume: 24,630,000 shares
Change Vs. Previous Month: +4.38%
Dollar Volume Sold Short: $111.58 million
Short Interest Ratio / Days to Cover: 7.7 (This ratio indicates the number of days it would take for the short sellers to cover their positions based on the average daily trading volume.).
The short interest in Rocket Lab has increased from the previous month, with a change of +4.38%. The short percent of the float is 9.80%, indicating that a significant portion of the available shares for trading has been sold short. Now, Rocket Lab’s short interest is relatively low for a company that has had consistent negative EPS and revenue. Showcasing that the big players in markets either A) believe this company will make a massive turnaround in the near future (1-3 years mark) or B) Rocket Lab, due to its size, is thankfully not on their radar. However, that said, the off-exchange short percentage is 57.69%, showcasing that A) public on-exchange short volume is a complete hoax and Hedge Funds, and other big players are beating down on the stock or B) all of this information is completely misrepresented to retail traders on purpose and the entirety of the United States market system is a complete farce.

Section 3: Future Prospects & Big Moves

Rocket Lab has demonstrated strong performance and growth potential in the emerging small satellite launch market. The company continues to refine its launch processes, aiming to increase launch frequency and reduce costs further. Additionally, Rocket Lab has plans to develop a larger reusable rocket called Neutron, targeting the medium-lift market segment, which would expand its capabilities and market reach. The company has the potential to be the go-to company for low Earth orbital launches in the short term and in the long term, one of, if not the go-to company, for transportation to the Moon, Mars, and Venus.
Peter Beck, founder, and CEO of Rocket Lab, did an interview last month on his take on the industry and their future prospects. I wanted to touch briefly on this (you can find the video on YouTube).
Firstly, the video begins with the commentator stating, "With the Space Race this week," the Space X rocket, the most powerful ever built, has scrubbed its launch. While Rocket Lab is adding a new service for testing hypersonic sub-orbital launches, being a welcome addition to the company’s wide array of services. Beck states that it is a very exciting time, stating that “the United States is kind of lacking behind in hypersonic technologies and this is a great opportunity to have high cadence, test flight environment for these payloads to really move forward the US’s hypersonic research.” He goes on to talk about how these capabilities are essentially repurposed from Rocket Lab’s Electron Rocket capabilities: “We take a standard Electron orbital-class launch vehicle and we fly it in some really unique trajectories to provide these hypersonic trajectories… it is taking an Electron and making a couple wee tweaks to it and having a great high frequency hypersonic testing platform that hasn’t existed.” Beck goes on to speak on the launch cadence “being on target for 15 flights” this year with the fastest turn around this year being 7 days between flights, saying “the machine is cranking and the vehicles are flying successfully and the last flight was a reusable vehicle and we splashed that down successfully and now we’re kind at the point where we are recycling and harvesting engines and components off of those launch vehicles and getting ready to put them back into service and re-fly them.” He continues, stating, “I’m not sure if I’m allowed to say exactly, but… a whole multiple gambit of reused components that are all now re-entering the production line and going back into service.” Morgan Brennan, the interviewer then speaks to how there is this emerging mismatch between supply and demand when it comes to the satellite launch market, with the fact that there are so many satellite constellations that are poised to go into orbit in the coming years and not enough capacity in terms of launching them. So, she then asks about the reusability of Electron and the development of the Neutron. Beck states that, “Electron is really serving that market very well, and there are lots of flight opportunities that are sort of just doing its thing, Neutron is the new flight opportunity for us… 2026 to 2030 timeframe there is a massive deficit in launch and there are lots of constellations that are all really vying for an ability to get in orbit, so we saw that coming and started work on the vehicle and hopefully we can bring it into service in 2024 and really solve some of those problems and take advantage of that market opportunity.”
Now, I don’t have to tell you all that this is very good to hear from Beck and this is very exciting, showcasing that he really believes Rocket Lab can penetrate this market and become a big player in the ever-evolving industry.
Rocket Lab Making Big Moves Lately:
· Bought SPCE launch platforms in Florida, this was a big win for the company, and folk on the sub were very excited to see this happen. Yay! But, sad and unfortunate for Virgin Galactic, which I am sure many of us space enthusiasts had higher hopes for, oh well, not everyone can achieve their dreams.
· Rocket Lab reached a new Company record of nine launches within a calendar year.
· Achieved a record of 100% mission success for Electron launches for the year.
· Successfully launched CAPSTONE mission to the Moon for NASA, including the first demonstration of Lunar Photon spacecraft platform.
· Successfully deployed two satellites to space for NASA’s TROPICS mission on the first of two dedicated launches on Electron for the constellation scheduled in May 2023.
· Secured another NASA mission to Electron’s 2023 launch manifest with its Starling mission. Rocket Lab was selected by NASA to launch the Starling mission on an expedited timeline due to long delays and uncertainty with the mission’s original launch provider.
· Signed multiple new launch contracts on Electron for 2023 for undisclosed commercial satellite customers previously manifested on another small launch vehicle, demonstrating Electron’s strong position as a reliable and dependable ride to orbit for small satellite operators.
· Introduced Rocket Lab’s new HASTE launch vehicle, a suborbital testbed launch vehicle derived from the Company’s Electron rocket to provide reliable, high-cadence flight test opportunities to support the development of advanced hypersonic systems technology.
· Announced that the Company will fly a pre-launched 3D printed Rutherford engine on an upcoming mission in Q3’23, a major step in evolving the Electron launch vehicle into a reusable rocket.
· Delivered financial results that exceeded the high end of prior guidance for revenue and gross margin.
· Launched three successful Electron missions in the first quarter for commercial constellation operators HawkEye 360, Capella Space, and BlackSky.
· Successfully completed the Company’s first launch from its U.S. launch site, Rocket Lab Launch Complex 2, at the Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport on January 24, 2023. The mission deployed three satellites for radio frequency geospatial analytics provider HawkEye 360.
· Successfully completed the Company’s fastest turnaround between launches to date – just seven days between its 34th Electron launch, “Stronger Together”, from Rocket Lab Launch Complex 2 in Virginia on March 16, 2023, and its 35th Electron launch, “The Beat Goes On”, from Rocket Lab Launch Complex 1 in New Zealand on March 24, 2023.
· Rocket Lab remains the only U.S. commercial small launch provider to successfully deliver satellites to orbit in 2023. Secured a multi-mission contract with Capella Space to launch four more dedicated launches on Electron in 2023.
· Achieved programmatic milestones for the Company’s two Photon spacecraft to support NASA’s ESCAPADE mission to Mars, and for the Photon spacecraft for a Varda Space Industries’ mission to manufacture high-value products in zero gravity. Both Photon programs include Rocket Lab star trackers, reaction wheels, solar panels, flight software, and radios – demonstrating the value and strength of the Company’s vertical integration and in-house supply chain.

Conclusion: An Ode to Humanity's Future

Rocket Lab has established itself as a leading player in the small satellite launch market, offering dedicated launch services tailored to the needs of small satellite operators. The company's technological capabilities, solid customer base, and innovative approach position it well for future growth.
Those who lived and grew up in the 1960s and 1970s believed that by the 21st century, mankind would be a space-faring civilization. People had a fascination with the unknown. It was embedded in pop culture, in movies like the 2001 Space Odyssey, Alien, and the Star Trek series. But the unfortunate truth is that after Apollo 17 on the 19th of December 1972, mankind has not left low-earth orbit. The American public lost interest, the government cut funding, and the Saturn V rockets were dismantled and replaced by space shuttles in the 1980s (spaceships not even built to leave low-earth orbit). The curiosity and desire to unravel the mystery of the universe are now again filling the hearts of people. Technology is becoming more advanced and cheaper.
With companies like Rocket Lab and Space X, the future is looking bright. We currently live in an era of mass information. One of the hardest aspects of life in the early-21st-century is learning how to filter all this information. The news of the accomplishments of Rocket Lab, Space X, Blue Origin, Lockheed Martin, Boeing, the Indian Space Research Organization (ISRO), the Chinese National Space Administration (CNSA), the European Space Agency (ESA), the National Aeronautics and Space Administration (NASA), and Space Force, are lost in the large volume of collective data. The average person does not believe how close we are to colonizing Luna and Mars; how close we are to becoming a multi-planetary species. If you walked up to someone on the street of New York City, today, and told them that in the mid-2040s, and by the latest, the 2050s, there will be hundreds if not thousands of people living in Earth's orbit, the upper atmosphere of Venus, the Moon, and Mars, the person would dismiss you in disbelief. But the same would have happened if you walked up to a person on the street of New York City on the 19th of July 1962 (before Kennedy’s speech) and told them that mankind would step foot on the moon in seven years. Companies like Rocket Lab, which will make orbital flight and transportation affordable, will allow for a new era of civilization, one which was only present and dreamed of in science fiction of the past.
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The Earth, as imaged from the Voyager 1 spacecraft, was suspended in a sunbeam, as the interstellar craft exited the Sol system in 1990. Earth is nearly 4 billion miles away in this image. That is us. That is humanity, all of us that have thus far, ever existed. We take to the stars in search of not only answers but in search of a purpose.

MAY 5, 2023~Department of Energy Issues Request for Information to Provide Feedback on Critical Materials Assessment~

DOE Issues Request for Information to Provide Feedback on Critical Materials Assessment (govdelivery.com)
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The U.S. Department of Energy (DOE) has issued a Request for Information (RFI) seeking public feedback on DOE’s draft Critical Materials Assessment. This RFI is being issued by the Office of Energy Efficiency and Renewable Energy (EERE)’s Advanced Materials and Manufacturing Technologies Office (AMMTO), with the purpose of improving the DOE Critical Materials Assessment prior to finalization.
Specifically, this RFI seeks input on the following Areas of Interest:

• Data and Information to Support Revision of Analysis
• Improvements to the Methodology

Click here to read the RFI, including the draft list of critical materials for energy resulting from this Assessment.
Historically, the Critical Materials Assessment has informed DOE’s priorities for research activities. The dynamic nature of criticality necessitates ongoing updates to the Assessment. Since DOE released its first Critical Materials Strategy in 2010, DOE’s research portfolio has expanded into a Critical Materials Research, Development, Demonstration, and Commercialization Application (RDD&CA) Program. DOE anticipates updating the Critical Materials Assessment every three years to reflect the most current data and market conditions underlying the methodology.
Inclusion on DOE’s critical materials for energy list will inform crosscutting priorities including Critical Materials RDD&CA Program priorities and eligibility for the Inflation Reduction Act 48C tax credit.
Responses to this RFI must be submitted electronically to [[email protected]](mailto:[email protected]) no later than 5:00pm ET on June 20, 2023.
Learn more about DOE’s work on critical minerals and materials to build resilient supply chains that support the clean energy transition.
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Critical Materials Assessment U.S. Department of Energy May 2023

2023 Critical Materials Assessment (energy.gov)

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TITLE 17 CLEAN ENERGY FINANCING Department of Energy

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AUGUST 22, 2022 New Federal Legislation Could Deliver Powerful New Benefits to NioCorp for its Critical Mineralshttps://www.niocorp.com/new-federal-legislation-could-deliver-powerful-new-benefits-to-niocorp-for-its-critical-minerals/

CENTENNIAL, Colo., August 17, 2022— The “Inflation Reduction Act of 2022,” signed into law by President Biden this week, includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S. Virtually all of the critical minerals NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska (the “Project”) would be eligible for new tax credits once the Project is financed and placed into commercial production.****ALSO UNDER- Other Provisions That Could Benefit NioCorpOther provisions of the law are aimed at encouraging greater production of critical minerals in the U.S.:$40 billion commitment authority for the U.S. Department of Energy’s Innovative Technology Loan Guarantee Program (Title XVII), on top of DOE’s existing commitment authority of approximately $24 billion. The Innovative Technologies Loan Guarantee Program authorizes loan guarantees for projects that (1) “avoid, reduce, utilize, or sequester” air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ “new or significantly improved technologies” as compared to commercial technologies in service in the United States at the time the guarantee is issued.
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JANUARY 2023 National Defense Act Calls out NIOBIUM & TITANIUM & SCANDIUM & the need to establish a U.S. Industrial Base for the Supply & Processing of ALL!

https://docs.house.gov/billsthisweek/20220711/CRPT-117hrpt397.pdf
The committee believes the United States industrial base for the supply and processing of the critical mineral scandium has significant vulnerabilities. The committee also believes that the United States should seek to eliminate dependence on Chinese and Russian sources of scandium, with support from allies and partners. Accordingly, public and private sectors should cooperate closely to establish scandium processing facilities in the United States. Therefore, the committee directs the Secretary of Defense, in consultation with the Secretary of Commerce, to provide a briefing to the House Committee on Armed Services not later than May 1, 2023, on public and private sector activities, working with allied nations, to establish scandium processing facilities in the United States, especially facilities based on more efficient, cleaner, and less energy intensive technologies. This briefing will also include how these processing facilities will help the United States reduce dependence on and compete more effectively with China and Russia.
Department of Defense on NIOBIUM PAGE #250 ~Control of Niobium by the Chinese Communist Party~
The committee is concerned by recent investments in global niobium production made by firms under the ownership, control, or influence of the Chinese Communist Party (“CCP”). Niobium is a critical mineral needed for the production of superalloys in jet and rocket engines, critical components in defense systems and hypersonic vehicles, and other emerging technologies. CCP control of niobium and a lack of a domestic capability within the United States present a national security risk similar to risks in the rare earth mineral markets. Therefore, the committee directs the Under Secretary of Defense for Acquisition and Sustainment to provide a briefing to the House Committee on Armed Services by December 31, 2022, on current global sources of supply of niobium along with a cost-benefit analysis of establishing a domestic supply of high purity niobium oxides. The briefing shall:(1) differentiate between ferroniobium and high-purity niobium (the critical niobium oxide precursor);(2) address the possibility of using underutilized byproduct niobium feed stocks from coproduced materials in the United States to strengthen the domestic industrial base for other key refractory materials such as tantalum; and(3) include a list of defense programs that are significant users of niobium or where niobium is a critical component.
Department of Defense Access to TITANIUM on pages #250 & #253 ~Establishment of Efficient Titanium Processing Facilities in the United States~
The committee is concerned that the United States industrial base for the supply and processing of the critical mineral titanium has significant vulnerabilities, including dependence on strategic competitors for the supply and processing of titanium. The committee believes that the United States should seek to eliminate dependence when it comes to the supply and processing of titanium, with support from allies and partners. Furthermore, the committee believes the public and private sectors should cooperate closely to establish titanium processing facilities in the United States or in other trusted partner countries. Therefore, the committee directs the Secretary of Defense, in consultation with the heads of other appropriate Federal departments, to submit to the House Committee on Armed Services an unclassified briefing not later than December 31, 2022, that includes:(1) a description of the public and private sector activities to cooperate and establish efficient titanium processing facilities in the United States or in trusted partner countries; and(2) an analysis of how such facilities will help the United States reduce dependence on strategic competitors\**.**\**
SEE ALSO ~Armed Services report to the Senate supporting (2023 NDAA)https://www.armed-services.senate.gov/imo/media/doc/fy23_ndaa_bill_report.pdfSUBTITLE B— NATIONAL DEFENSE STOCKPILE (***There is more in the document for those interested!)
Modification of acquisition authority under Strategic and Critical Materials Stock Piling Act (sec. 1411)The committee recommends a provision that would amend the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98d) in order to give the National Defense Stockpile Manager greater flexibility and agility to acquire critical materials, including rare earth elements, that are necessary to meet the requirements of the Department of Defense.Briefings on shortfalls in National Defense Stockpile (sec. 1412)The committee recommends a provision that would amend section 14 of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98h-5) to require the National Defense Stockpile Manager to submit, not later than March 1 each year, a briefing to the congressional defense committees on strategic and critical materials shortfalls.Authority to acquire materials for the National Defense Stockpile (sec. 1413)The committee recommends a provision that would authorize the National Defense Stockpile Manager to use, of the funds appropriated for the National Defense Stockpile Transaction Fund, $1.0 billion for the acquisition of materials determined to be strategic and critical materials required to meet the defense, industrial, and essential civilian needs of the United States.
*********Please see Response to the following question: Jan. 2023Jim: Given the information posted above-***A) Can you offer a comment on how the Scandium, Titanium & Niobium mining & processing facilities MENTIONED above would help or affect the outcome of the Elk Creek Mine Project moving forward?*See Response:
"The Congress is focusing more intensely now on the need to encourage greater domestic production capacity of scandium, niobium, titanium, and rare earths. The language contained in the House Report accompanying the FY23 NDAA requires DoD to brief the House Armed Services Committee on each of the topics mentioned related to scandium, niobium, and titanium. These initiatives show that our education efforts, and those of others, are moving these elements to a much higher visibility with Congressional leaders. That is very good for our Project for a number of reasons. The findings and recommendations of these studies can often spur Congress to take more definitive actions (e.g., funding availability) of Projects such as ours."
NIOCORP MANAGEMENT ON Jan. 31st, 2023, ~What were they doing in D.C. for 4-Days?~ "Working with White House officials on critical minerals issues. This Administration is working hard to help support environmentally responsible critical minerals projects like NioCorp’s Elk Creek Project in the great State of Nebraska. "~
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~President Biden Signs Presidential Waiver of Statutory Requirements for Supply Chain Resilience~ Feb. 28, 2023https://www.defense.gov/News/Releases/Release/Article/3312486/president-biden-signs-presidential-waiver-of-statutory-requirements-for-supply/
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JIM SIMS RESPONDS TO TWO ONGOING RELEVANT QUESTIONS MAY 5, 2023 (***Please see all earlier posted responses to this line of questions for reference)
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RESPONSE: "There are several DOE programs, including the LGP program (Title XVII), that could potentially provide debt assistance to NioCorp."

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RESPONSE: " As I have stated many times before, we are not allowed to confirm or deny whether we have a pending application with the DOE for this or other programs." - JIM

MAY 25th 2023 ~NioCorp Demonstrates Higher Niobium Recovery Rates New Processing Approach Demonstrates the Ability to Make More Niobium per Tonne of Ore, Produce a Higher Purity Product, and Potentially Address New Markets with Different Niobium Products

https://www.niocorp.com/niocorp-demonstrates-higher-niobium-recovery-rates/
Potential New Forms of Niobium Products and Potential Markets
NioCorp’s new process approach, which incorporates a chlorination step to improve niobium and titanium separation and purification, also has demonstrated NioCorp’s ability to potentially produce three different niobium products: (1) ferroniobium; (2) niobium chloride; and (3) niobium oxide.NioCorp had previously planned to make ferroniobium, which is used by the steel industry to produce high-strength low-alloy steel alloys. Those alloys are used in the construction, automotive and transport, aerospace and defense, oil and gas, and other industries. Niobium is a $3.3 billion per year global market but is currently served by only three major niobium producers in two countries.Niobium chloride would likely be converted by NioCorp into niobium oxide, but niobium chloride is also used in glass and ceramic manufacturing.Niobium oxide is critical to multiple applications, including niobium-lithium-ion batteries, superalloys, superconducting applications, capacitors, specialized optics, and many others. Its use in niobium-lithium-ion batteries is considered by current niobium producers as one of the fastest growing prospective global niobium markets.
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MAY 26th 2023~NioCorp Demonstrates the Ability to Potentially Double Projected Titanium Recovery Rates for the Elk Creek Projecthttps://www.niocorp.com/niocorp-demonstrates-the-ability-to-potentially-double-projected-titanium-recovery-rates-for-the-elk-creek-project/
Demonstration Plant Shows New Recovery Process May Double NioCorp’s Titanium Production per Tonne of Ore as well as Produce a Higher Purity Product that May Command Higher Market Prices
MAY 29th 2023~NioCorp Launches Phased Approach to Commercial Production of Made-in-America Aluminum-Scandium Master Alloyhttps://www.niocorp.com/niocorp-launches-phased-approach-to-commercial-production-of-made-in-america-aluminum-scandium-master-alloy/
NioCorp Partnering with Nanoscale Powders LLC to Explore the Possibility of Establishing the First US-Based Mine-to-Master-Alloy Vertically Integrated Production of the High-Performance MaterialNioCorp’s Potential Commercial Production of Al-Sc Master Alloy Could Launch Prior to the Company’s Planned Production of >100 Tonnes/Year of Scandium Oxide at its Proposed Elk Creek Critical Minerals Project in Nebraska and Would Use Scandium Produced at the Elk Creek Facility as well as From Other SourcesChina Now Dominates the Scandium World, but North America is Now Positioned to Emerge as a “Leading Scandium Producer,” says NioCorp CEO
THINKCOLLABORATIONS ON BATTERY BOXES ~(FORDS PATENT) ~& OTHER OEMS & MORE!
MAY 29th 2023~ Jim/NIOCORP respond to question on recent Scandium News Release above:What comes to mind right off the bat is:
*A)"How is this Scandium AlSc master Alloy different than what Niocorp produced with IBC & AMES laboratory???"*Response:

"It is a different process that will be utilized. "

*B) Will this be a Patentable approach now moving forward? in conjunction with Nanoscale???*Response:

" Yes and yes. But we do not discuss the details of intellectual property matters except as required by law"

(\****This is very interesting indeed because a few years back Niocorp was not interested in patenting any such materials!)*
*C) IS NIOCORP still engaged with IBC, AMES & OTHER ENTITIES in regards to Scandium Alloy production & uses moving forward? and with the New Niobium & Titanium oxides as well!!!!*Response:

"We are focusing on our partnership with Nanoscale on the production of AlSc master alloy, but we engaged with a number of parties on various elements of our scandium-aluminum master alloy business development. We are not working with IBC on niobium or titanium product development efforts."

(****SOUNDS LIKE OTHER COLLABORATIONS ARE ONGOING WITH POSSIBLE PRIVATE & GOVERNMENT ENTITIES?? OFF-TAKE AGREEMENTS & SO MUCH MORE! COULD BE IN PLAY AS THE MINE IS BUILT & NEARS PRODUCTION!!!!!!)

"ENGAGED WITH A NUMBER OF VARIOUS PARTIES!!!!" ARE (SCANDIUM, NIOBIUM & TITANIUM ALL INVOLVED......???? INTERESTING!!!!)

THEN THERE IS THE RARE EARTHS QUESTION:Sharing Jims response as Niocorp does have legal DISCLOSURE constraints to deal with in regards to all "Material News releases"! When asked about Rare Earths ON ~MAY, 26th 2023~
RESPONSE:

"NioCorp has not made a final determination on which REE products we will make, including tonnages, etc.. That determination can only be made in the context of publication of an updated Feasibility Study"

​

FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:

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CHICO

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TOP 10 Things to do in LONDON - [2023 Travel Guide]
🔥📚 LONDON PDF Guide 👉 https://amzn.to/3CcpXVt🔥
In this post, we'll show you the top 10 things to do in London. The suggestions are based on our many trips to this beautiful city. Don't forget to like this post, subscribe to our channel, and enable notifications. And share your own experience or ask a question in the comments below. This post is sponsored by GetYourGude, the best way to book your London experiences. The link is in the description. And stick around until the end because we have a bonus attraction for you. Here are our top 10 picks:
NUMBER 10: Big Ben and Palace of Westminster The Big Ben clock tower was completed in 1859. This British cultural icon is situated at the north end of the Palace of Westminster, which is the seat of the Parliament of the United Kingdom. The official name of the tower in which Big Ben is located was originally the Clock Tower and was oficially renamed to Elizabeth Tower in 2012. Did you know that Big Ben chimes every hour, and every 15 minutes smaller bells chime to indicate quarter hour? The Big Ben chimes can be heard up to 5 miles away. A few steps away from Big Ben you’ll also find an impressive gothic royal church, the Westminster Abbey.
NUMBER 9: Camden Town This former industrial economic base has been replaced by service industries such as retail, tourism, and entertainment. The area now hosts street markets and music venues strongly associated with the alternative culture. Visit the busy Camden Market, which got its name from what used to be a horse stable and hospital, located right next to Camden Lock. Don't skip Camden Market Buck Street, England's first market dedicated to the conscious consumer. There are many other impressive neighborhoods and streets worth exploring in London, like the upscale Soho close to Chinatown and Notting Hill, home to Portobello Road Market. But more about exciting places to shop and eat shortly.
NUMBER 8: Museums London is full of incredible museums, and most of them are free. You can start with The British Museum, founded in the mid-19th century. The museum is dedicated to human history, art, and culture. Did you know that it also displays the famous Rosetta Stone? This piece of rock with an inscribed slab became the key to unlocking the mysterious Egyptian hieroglyphs. Continue to the beautiful 19th-century Natural History Museum, exhibiting a vast range of specimens from various segments of natural history. You can even try the earthquake simulator recreating the 1995 Kobe, Japan earthquake or embark on other fun and educational adventures. And the impressive Science Museum is just around the corner. A great place to see, touch, and experience science first-hand. Of course, there are many other museums in London worth exploring.
NUMBER 7: Covent Garden Covent Garden is a car-free area next to the Royal Opera House, filled with luxury designer boutiques, craft shops, and booths. Conveniently located in close to London's famous theatres, Covent Garden also offers excellent dining options. Visit Covent Garden Market, a seven-day-a-week market that opened in 1845, and Jubilee Market, with a variety of goods sold throughout the week. There are many other markets in London worth exploring, offering everything from food to antiques and collectibles, like the Portobello Road Market, Borough Market, and many other places, including fascinating food courts. Check our travel guide for more suggestions. By the way, our mobile-friendly travel guide covers the top 20 things to do in London and things to know before you visit.
NUMBER 6: London Eye London Eye is a giant Ferris wheel on the South Bank of the River Thames overlooking Big Ben and Westminster. When it opened to the public in the year 2000, it was the world's tallest Ferris wheel. The structure is 443 feet or 135-meter-tall, and the wheel has a diameter of 394 feet or 120 m. London is full of other impressive views, that from London's Highest Public Garden - Sky Garden.
NUMBER 5: Little Venice Little Venice is a neighborhood centered on decorative houseboats and a partly tree-lined, three-way junction of canals. Little Venice is one of London's prime residential areas and contains restaurants, shops, theatres, and pubs. A refreshing site and something you do not expect to see in London. If you have time, explore the nearby Paddington basin with Floating Pocket Park.
NUMBER 4: Buckingham Palace Buckingham Palace is the most iconic royal building in the UK. It is the London residence of Her Majesty the Queen and is one of only a few working royal palaces left in the world. Don't miss the iconic ceremony of Changing the Guard, also known as Guard Mounting, carried out by soldiers on active duty from the Foot Guards. They have guarded the Sovereign and the Royal Palaces since 1660. Check the description box for the link to the updated guard mounting timetable. And while you are in the area, take a walk around beautiful St James's Park. And that brings us to GetYourGuide - the sponsor of this video. When you book experiences or tours, for instance, a guided tour to learn more about Buckingham palace and other parts and history of Royal London, you can effortlessly do that with GetYourGuide. You can even buy a London city pass, which allows access to other attractions around the city and enjoy a hop-on hop-off bus tour and skip-the-line privileges. Or you can book other exciting experiences. The choices are practically limitless anywhere you go since GetYourGuide covers over 3600 destinations worldwide with over 60,000 curated experiences. You might even find things you never knew existed. You can also book your next experience using your phone with an easy-to-use app and have your tickets ready right away with no printing and free cancelation up to 24 hours before your activity. Download GetYourGuide now and find your unforgettable experience in London. The link is in the description.
NUMBER 3: Shopping From high-end department stores to quirky boutiques, London is a shopper's paradise. One of the best places to start your shopping spree is Oxford Street, the busiest shopping street in Europe. Continue to the nearby SoHo neighborhood, home to a truly unique shopping experience, like the famous Carnaby shopping street or Liberty London. If you are in the area, visit the fashionable Regent Street that passes through Piccadilly Circus, also famous for dining and lifestyle. If you love luxury department stores, don't skip Harrods, with over 5000 brands selling everything from luxury accessories and clothing to the newest gadgets, prestigious furniture, and delicious food. There are many other places worth exploring, like the unique Cyber dog store in Camden with futuristic fashion, clubwear, and rave clothes. Check our travel guide for more information.
NUMBER 2: Parks & Gardens There are many impressive green areas in London worth exploring. Hyde Park is London's main park offering world-class events and concerts and plenty of quiet places to relax. Walk around Princess Diana Memorial Fountain or rent a boat to paddle around the lake. Don't skip the nearby royal Kensington Palace with the vast Kensington Gardens and picturesque Italian Gardens. Our favorite was The Regent's Park with plenty of paths and a green areas to relax. Walk around beautiful lakes and breathtaking gardens, including the Japanese Garden Island, and admire the animals.
NUMBER 1: Tower Bridge and Tower of London Tower Bridge crosses the River Thames and was built at the end of the 19th century. You can even take a boat ride that goes under Tower Bridge. Don't miss the two essential attractions nearby - the historic castle Tower of London from the 11th century, which is famous for holding many infamous prisoners as well as housing the crown jewel, and the remains of the Roman Wall built in the 2nd and 3rd century. Most of the buildings in London were destroyed throughout its 2000-year history. However, you’ll still find Roman and other ruins spread throughout the city that are still visible today. Check our travel guide for more suggestions. And here is the bonus attraction that we promised. Did you know that the Prime Meridian Line, an imaginary line like the equator dividing the earth into the eastern and western hemispheres, is located in Greenwich, a village near London? You can actually see the line and cross it. How cool is that? And while you are in the area, explore other attractions, like Cutty Sark, the iconic sailing ship, the fastest ship of its time. Continue to our video on what you should know before visiting London.

A Liquid Gas Compressor is a mechanical device used to increase the pressure of a liquid or gas, allowing it to be transported or utilized in various industrial processes. The compressor operates by reducing the volume of the fluid, which in turn increases its pressure.
Liquid gas compressors are commonly used in industries such as oil and gas, petrochemical, chemical, refrigeration, and air conditioning, where the compression of fluids is necessary for storage, transportation, or processing. They play a crucial role in many applications, including liquefied natural gas (LNG) plants, oil refineries, chemical plants, and industrial refrigeration systems.
Here are some key aspects and features of liquid gas compressors:
Types of Compressors:
Reciprocating Compressors: These compressors use pistons to compress the fluid. They are often used for low to medium pressure applications.
Centrifugal Compressors: These compressors use rotating impellers to increase the fluid's pressure. They are commonly employed for high-pressure applications.
Compression Process:
Suction: The compressor intakes the fluid from the source, which can be a storage tank or a process line.
Compression: The fluid is compressed by reducing its volume, resulting in an increase in pressure.
Discharge: The compressed fluid is discharged from the compressor for further processing or transportation.
Cooling and Lubrication:
Liquid gas compressors often require cooling mechanisms to prevent overheating during the compression process. Cooling can be achieved through water or air-cooling systems.
Lubrication is essential to reduce friction and wear between moving parts in the compressor. Some compressors use oil lubrication systems, while others may rely on other lubricants suitable for the specific fluid being compressed.
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Safety Considerations:
Liquid gas compressors need to comply with stringent safety standards due to the nature of the substances they handle, such as flammable or hazardous gases.
Safety features may include pressure relief valves, emergency shutdown systems, gas detection systems, and compliance with industry-specific safety regulations.
Efficiency and Maintenance:
Compressor efficiency is crucial to minimize energy consumption and operating costs. Modern compressors often incorporate advanced control systems and variable speed drives to optimize energy usage.
Regular maintenance and inspections are necessary to ensure the compressor's proper functioning, prevent breakdowns, and prolong its lifespan. This may involve routine checks, cleaning, lubrication, and component replacements when required.
Liquid Gas Compressor are complex and specialized machines designed to handle various fluids at different pressures and temperatures. Their selection and configuration depend on the specific application requirements, such as the type of fluid, required pressure range, flow rate, and environmental considerations. Consulting with experts and manufacturers is recommended to determine the most suitable compressor for a particular industrial process.
Url:- https://www.crystaltcs.com/liquid-jet-compressor.php
Contact:- +91 253 2941600
Source Link:- https://crystaltcs.ampblogs.com/liquid-gas-compressors-enhancing-efficiency-and-safety-in-industrial-processes-55759774

Research Nester released a report titled “Structural Heart Devices Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global structural heart devices market in terms of market segmentation by product, by procedure, by indication and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for structural heart devices is estimated to record a CAGR of around 9.5% over the forecast period, i.e., 2019-2027. The market is segmented by product, by procedure, by indication and by region. Based on the product segment, the market is divided into heart valves, occluders, annuloplasty rings, accessories and others, out of which, the heart valves segment is anticipated to hold the largest share in the structural heart devices market. Further, the procedure segment is bifurcated into repair and replacement, out of which, the replacement procedure segment is predicted to observe the highest growth on account of rising demand for trans-catheter replacement procedures.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2121
The market in North America is estimated to hold the leading share in structural heart devices market on account of increasing cases of structural heart disease related surgeries in the region. Moreover, the advancements in medical technology and devices and the growing expenditure on healthcare by people in the region, mainly in the United States, are factors estimated to further contribute towards the market growth. On the other hand, the market in Asia Pacific region is predicted to grow at the highest rate over the forecast period on account of the large population and unhealthy lifestyle in Asian countries including China and India.
Rising Number of Structural Heart Diseases to Boost the Market Growth
The Centers for Disease Control and Prevention estimated through a study in Atlanta that around one in every 770 babies born in the Unites States every year were born with an atrial septal defect.
The growing population along with rising genetic defects that affect the heart, such as congenital heart defects, are some factors estimated to increase the demand for structural heart devices in the coming years. This is anticipated to positively affect the market growth over the forecast period. However, the treatment for structural heart diseases requires surgical procedures which are highly costly. This is estimated to hinder the market growth.
Request For Full Report @ https://www.researchnester.com/sample-request-2121
This report also provides the existing competitive scenario of some of the key players of the global structural heart devices market which includes company profiling of Abbott (NYSE: ABT), Boston Scientific Corporation (NYSE: BSX), Edwards Lifesciences (NYSE: EW), Medtronic (NYSE: MDT), Corvia Medical, Inc., Comed B.V., JenaValve Technology, Inc., LivaNova PLC (NASDAQ: LIVN), XELTIS and CryoLife, Inc. (NYSE: CRY). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global structural heart devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Read More Information@ https://www.researchnester.com/reports/structural-heart-devices-market/2121
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
Contact for more Info:
AJ Daniel
Email: [[email protected]](mailto:[email protected])
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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Recent report published by research nester titled “Embolic Protection Devices Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global embolic protection devices market in terms of market segmentation by product, application, end user and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
According to WHO 17.9 million people die globally each year from cardiovascular disease which accounts for 31% of all deaths worldwide.
The capability of the system to reduce the debris release into the blood stream and small vessels in case of cardiovascular disease has increased the demand for embolic protection devices. These devices tend to reduce complication rates during carotid and saphenous vein graft procedures. One of the major use is to remove plague debris at time of trans catheter aortic valve replacement owing to which the recent expansion in the industry is expected to support the market growth for global embolic protection market. The global embolic protection devices market is anticipated to record a CAGR of around 9% over the forecast period i.e. 2019-2027 owing to increasing neurovascular, cardiovascular and peripheral disease cases coupled with the growing demand for protection of brain in case of embolization and various government initiatives.
The market is segmented by product, by application and by end user. The product segment is further segmented into distal occlusion filters, proximal occlusion filters and distal filters out of which, the distal occlusion filters segment is anticipated to have highest CAGR during the forecast period on the back of benefits offered by the product. For instance, prevention of embolization via balloon occlusion, low crossing profile and others. This is followed by distal filters segment which is expected to witness strong CAGR owing to broad variety of specifications, filter details, crossing profile, landing zone length and pore size. On the basis of application, the market is segmented into neurovascular, cardio vascular and peripheral vascular, out of which the cardiovascular segment is expected to have leading shares on account of rising geriatric population and increasing cardio vascular disease cases owing to unhealthy lifestyle and improper eating habits followed by peripheral vascular segment and neurovascular segment. On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers and others, out of which, hospitals are estimated to have leading share on the back of increasing angioplasty procedures coupled with rise in government initiatives to provide better health care facilities and improved reimbursement policies.
Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-2115
Geographically, the global embolic protection devices market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The market in North America is anticipated to leading market share on the back of rise in demand minimal invasive products, technological advancements and presence of key market players coupled with rising geriatric population and government initiatives in healthcare sector. The market in Europe is expected to have second largest market share owing to huge healthcare expenditure capability, availability of better healthcare facilities and growing healthcare infrastructure. On the other hand, the market in Asia-Pacific expected to witness highest market growth on the account of increasing healthcare awareness, rising population, availability of better healthcare facilities and improvement in standard of living.
Growing Rate of Cardiac Diseases to Boost the Demand for Embolic Protection
The growing rate of cardiac disease owing to rising geriatric and increasing inclination of the population towards unhealthy lifestyle coupled with the expansion in global trans-catheter aortic valve replacement market are expected to drive the market growth.
Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-2115
Industry Players are Progressing towards Minimizing the Barriers faced by the Global Embolic Protection Market
The high cost associated with the use of embolic protection system and product failures coupled with presence of better alternatives are expected to operate as key restraints to the growth of global embolic protection market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global embolic protection market which includes company profiling of Abbott Laboratories (NYSE: ABT), Boston Scientific Corp (NYSE: BSX), Transverse Medical, Inc, Medtronic Plc (NYSE: MDT), Edward Lifesciences (NYSE: EW), Innovative Cardiovascular Solutions, Claret Medical, Inc., Gore Medical and other prominent players.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global embolic proetection market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/embolic-protection-devices-market/2115
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact Us
AJ Daniel Email: [[email protected]](mailto:[email protected]) U.S. Phone: [+1 646 586 9123] U.K. Phone: [+44 203 608 591]
https://www.researchnester.com/reports/embolic-protection-devices-market/2115

No Man's Sky was recently released for MacOS. It took them years to test and optimize their game for our platform, employing the latest Metal capabilities including MetalFX, and supplying a native Apple Silicon build. It really is a showcase of what Mac can do as a gaming platform.
Or, it was supposed to be. But No Man's Sky is fatally flawed on multi-monitor systems, to the point that it barely even works. And it's ridiculously easy to get the game into a state where the only way to play it again is to manually edit config files, just by playing around with options.
The key problem with No Man's Sky, and a frustrating number of other games and applications, is their complete and total disregard for window management.
All of Apple's first-party apps, and many well-behaved third-party apps, including all the major web browsers, support all the latest MacOS window management techniques:

• You can long press on the green dot and select any of the "Tile Window" features. This causes two applications to enter a sort of virtual "full screen mode" simultaneously, side by side, on the same monitor, with just a thin black border in between them in the middle. This is enormously useful for ultrawide monitors.
• It works as expected with Stage Manager.
• It can be moved to other displays by long-pressing on the green dot.
• You can select "Move to left of screen" and the window will be resized take up exactly half of your monitor horizontally.
• You can just drag any of the window borders to make the window larger or smaller.

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But, then, you have whatever this utter garbage is:
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only 2 dots
Where's my green dot, Sean Murray? Where?!
And it's not just No Man's Sky. Hoo, boy, isn't it; it's just the latest example of this lazy fad.
Many third-party applications, especially games, do not have good multi-monitor window handling on MacOS. This can no longer just be blamed on these apps; it is far too commonplace for that. The situation as it stands is thus: any application that chooses not to support window resizing or tiling is free to provide you a fixed-size window that can only be minimized or restored.
Why have such excellent window management features in the OS, like tiling and Stage Manager, if the OS is going to support such broken, lazy application programming? MacOS has parted ways with old, lazy programming practices on more than one occasion in recent years. For example, 32-bit application support was dropped. It is time to do so again, and introduce a new set of requirements that ALL applications must satisfy if they provide any sort of GUI window.
The way window management currently works on MacOS, any sort of resize support requires the OS to politely ask the application to please resize itself. If the app doesn't understand the message requesting this, it just won't do it. Similarly, it can just refuse to advertise support for some of the nicer window management features, like tiling.
It is time to introduce a new API to replace the Cocoa/Carbon IPC system. The MacOS operating system should be in ultimate control of all windows at all times, a la Wayland on Linux. If the window manager wants to resize a window because the user requested it, tough cookies -- the application should be required to handle the resize. If it can't, the app should crash -- or better yet, the app shouldn't be able to run in the first place unless it explicitly handles arbitrary window positioning and resizing.
Until Apple steps up to developers and forces them to stop being lazy, "good" games are going to continue to be released on MacOS with lazy window management support, which completely destroys the game's ability to work on multi-monitor setups. Mac will not be a serious gaming platform until this problem is solved systematically.
And it's not just gaming! Microsoft's Remote Desktop client, which is showcased in the App Store, is also window management crippleware. It doesn't support tiling, forcing you to keep its window borders in place rather than putting two windows side by side. The Remote Desktop client is used by working professionals and large enterprises to support "Virtual Desktop Infrastructure" (basically you log into a remote machine to do your work every day). But this client simply refuses to support Mac's latest and greatest window management features.
Come on, Apple. Deprecate this "please care about multi-monitor" regime, and force applications to handle this problem comprehensively or refuse to run the app. That way, a developer can't claim to """support""" MacOS while leaving behind all of its multi-monitor users.