Serenity flags $397M Space Force award to Rocket Lab, reinforcing his generational space long
On a quiet day for new calls, Serenity — the stock-picker whose reconstructed portfolio this site tracks — put the spotlight on a single name: Rocket Lab (RKLB).
He drew attention to a fresh $397 million contract awarded to the company by the US Space Force. According to his note, the deal covers building out Rocket Lab's "Flatellite" satellite line and launching them aboard Neutron, the company's medium-lift reusable rocket that is still working toward its debut.
Why it matters to his thesis
Rocket Lab is a launch and space-systems company that builds rockets and satellites — positioned as the most credible listed competitor to the privately held SpaceX. That framing is central to Serenity's case. He treats RKLB as one of his highest-conviction, buy-and-hold positions, sitting outside his dominant AI-photonics theme but ranking, in his own words, alongside Bitcoin as a generational long. His argument rests on a near-limitless space total addressable market that, in his view, justifies premium multiples, plus a steady pipeline of government and defense work.
A large government award speaks directly to that pipeline. Space Force contracts are exactly the kind of institutional, recurring demand he has pointed to as validation, and the Neutron reference is notable because the rocket's commercial and defense revenue potential hinges on it flying successfully. The Flatellite element also broadens the story from pure launch toward owning more of the satellite stack.
For context, Serenity has said he went long around $16 and held through repeated bouts of volatility as institutions accumulated, watching the stock reach all-time highs and win inclusion in the Nasdaq 100. He characterizes the position as a long-term conviction hold rather than a trade.
Today's post did not add a new position or change his stance — it was a reinforcement, using the contract as evidence that the space-buildout thesis he has held for months continues to play out.
This is derived commentary, not investment advice.