Rocket Lab CEO Peter Beck breaks the entire space industry into 3 simple layers, from rockets to the services we use every day: "I probably shouldn't have called it Rocket Lab. I should have called it Space Lab. The rocket always steals the show because it's this big roaring... stick in the sky." "Rockets, that's about a $10 or $20 billion industry. Spacecraft, the tools in space to provide services, 20 to $30 billion. And then the reason why you do all of those things are applications in space." "Space is kinda weird that it's hidden infrastructure. You don't drive past it every day, so you don't see it. But everybody interfaces with space every single day, whether you realize it or not." "We build rockets, we build satellites, and with our acquisition of Iridium, we're also a services company from space." Rocket Labshow more

@Peter_J_Beck Honestly, Space Lab would be a pretty fitting name for them at this point

@Peter_J_Beck Rockets are more than a $20b industry. Did he mean $20 trillion?

@Peter_J_Beck Beck: rockets are a $10-20B industry. Spacecraft $20-30B. Applications sit on top. Iridium moves Rocket Lab onto the services layer. Launch gets the headlines. Recurring ops pay the bills.

@Peter_J_Beck Temu elon 🤣

@Peter_J_Beck I love how Beck frames it: space really is hidden infrastructure. Remote sensing and satellite comms shape everything from weather forecasts to rural connectivity, yet nobody sees it. The applications layer is where lives actually change!

@Peter_J_Beck Certainly, "Space Lab" sounds smoother and has a more beautiful tone, which sparks the imagination.

@Peter_J_Beck Space Lab works for me 🚀

@Peter_J_Beck Based and spacepilled

@Peter_J_Beck @grok he talks about the TAM of rockets, the TAM of satellites but what’s the TAM of applications/services from space ?

@Peter_J_Beck 4th service… science and how to make a difference in the universe.