Lol, I was hoping you would tell us :)
Ha, that was a rhetorical question. I took a very risky gamble this morning ... not sure I'm ready to share anything more than it's a long position.
Here's what I like: #1 RKLB is flight proven with demonstrated reliability. Potential customers, governments, insurers, and financiers are going to take them more seriously than, say, Relativity. #2 They have recurring revenue and the business is diversified. #3 Their launch model, with unique launch sites and dedicated launchers, differentiates them from their larger competitors. #4 Their deal with Apple/GlobalStar/MDA has potential, including stock-moving revenue growth. #5 They seem to be expanding cautiously.
Here's what I don't like: #1 SpaceX's huge lead in the same business areas, incl. med/heavy launch, rideshare, Starlink and the partnership with T-Mobile. #2 Neutron design seems to be very immature, suggesting it won't be operational several years. Side note, hopefully they come around to a ship based recovery option. #3 They are relatively late in the economic cycle relative to business growth stages. #4 They're not well positioned to capture the big money U.S. government contracts from SDA, NASA, and Space Force. #5 Limited existing TAM (overstated in their docs) for some of their recent initiatives.
Weighing all of this, I can't help but the stock is too beaten down at a $2B market cap. I can see many scenarios to $10B in a year or two. There are certainly scenarios where it goes completely bust, but those are much less probable IMO. I'll be following things VERY closely for awhile.