You've heard about Rocket Lab's Neutron rocket. But did you know its spacecraft business is even more profitable than its rockets?

On Aug. 28 , I attended the official opening of Rocket Lab 's ( RKLB 1.77% ) third launch complex, LC-3, at the Mid-Atlantic Regional Spaceport (MARS) on Wallops Island in Virginia.

As ribbon-cutting ceremonies go, this was an exciting one, featuring not only a bevy of politicians and space administration folks helping to cut the site's ribbon, but also an up-close tour of the launch facilities -- and a rather moist demonstration of Rocket Lab's water deluge system (a 283-foot-tall water tower that will dump 200,000 gallons of water onto the pad to suppress the heat, noise, and vibration whenever the company launches a Neutron rocket ).

It was on

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