2010.01.27 05:25 vandalus Los Angeles Rams
2011.06.24 04:40 boourns75 Cleveland Cavaliers
2012.11.24 01:38 Corporal_Hicks The Big Ten Conference
2023.06.07 07:00 BevoBot [6/7/2023] Wednesday's Off Topic Free Talk Thread
6/6 | 6/7 | 6/8 | 6/9 | 6/10 | 6/11 | 6/12 |
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2023.06.07 06:58 linkelek1 Ukrajnai háború, szerda reggel
2023.06.07 03:32 OGPendy Here's my pitch for FTWD after season 3.
SEASON 4The dam has exploded. And after a minor time skip, we meet up with our crew: Madison, Alicia, Nick, and Travis, who are hiding out in an abandoned gas station. You see, while the dam is gone and quite a few of the Proctors with it, they're still everywhere; searching for the people who tried to wipe them out. In a hail-mary attempt, the Clarks flee up north, leaving Mexico and hopefully the Proctors by heading into Texas. They all assume Daniel and Strand are dead, and whatever sense of morality they had at the ranch has now completely been lost. They are ruthless to both walkers and people, both of which they find plenty of in the Texas plains.
Season 5John Dorie is what Morgan should have been for the Clarks: the exact opposite of what they are. While they're ruthless and cold, he's merciful and warm. His mission is simple: find his wife. And because of Nick's insistence (and Travis' persuasion of Madison), they decide to help him do so. He explains they separated several weeks ago, after meeting at his cabin and living there for the majority of the apocalypse. But he is far from incapable. In fact, he's the best shot of the entire group and anyone they ever come across.
Season 6"Travis was killed by the anarchists." That's the lie that's told. The one spread around. At his funeral, Nick is devastated, barely able to hold it together as he gives a speech. John is silent, suspecting that Madison is the one who killed him. She knows that he knows, but she doesn't care. She cries at the funeral. But just for a moment.
2023.06.07 02:05 AA56561 [Event] Preparing for the Worst
2023.06.07 02:04 CelesteDobbs Rise Up John Wesley Dobbs, Florida inmate no. C00618
Frequently Asked QuestionsIf Florida ‘ Stand Your Ground Law ‘ is equally available to citizens under Florida jurisdiction some of the questions that arrive basic on the evidence are:
Read proof of his innocents on his websiteamericanmekinguniversal.org and/or amku.org read court transcripts, and subtitle; Must Read, John's story in his own words " American Me Law vs. Law Enforcement " and give him an emergency release. Too many Florida officials are manipulating the system solely for their own personal prejudices and then having justice denied to avoid lawsuits. A favor for a favor tradition, Regardless of constitutional propriety. Many have gotten more severe sentencing when facts are manipulated at trail. Some were just been plain railroad. This system within the system is so embedded that the Feds are scared to touch it, especially because of the financial ramifications. A federal investigation is sorely needed, men like my son who have been ignored and lack opportunities to received justice in Florida that only money can buy. Thank You
2023.06.07 01:20 PlanktonLonely7643 What is this noise?
![]() | I live in eastern washington state; idk what this sound is and It’s coming from this tree but have no clue what it can be. submitted by PlanktonLonely7643 to Whatisthis [link] [comments] |
2023.06.07 00:45 EagleFly_5 [M/28] Need a break from monotony & spark of inspiration.
2023.06.06 23:49 Great-Raise4727 Lawn Patches of Stunted Growth
![]() | I have areas towards the center of my backyard lawn that aren’t growing as well as are the outer edges. I wanted to get some opinions on what might me going on. Soil analyses came in low in nitrogen so I added a high nitrogen fert about a week ago and that was a month after doing my typical Milorganite application in early May. I have irrigation and I feel like I’m doing pretty good not over or under watering. This is the second spring that I noticed this. The lawn is only 3 years old so the 1st spring was new sod. Could it be compact soil? I live on the eastern foothills of the Cascades in Washington so no more like silt loam vs clay. I’ve never dethatched or aerated this lawn before. The soil probe is pretty hard push 6 inches deep. Takes some twisting and weight to get go in the last 3 inches. submitted by Great-Raise4727 to lawncare [link] [comments] |
2023.06.06 19:54 ahayling [Game Thread] (1) Las Vegas Aces (7-0) vs (2) Connecticut Sun (6-1) ~ June 6th, 2023 7:00PM ET ~ WNBA League Pass & Local Broadcasts
TIME | MEDIA | Location | Broadcast |
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Eastern: 7:00PM | Game Preview WNBA.com | Mohegan Sun Arena | US: WNBA League Pass |
Central: 6:00PM | ESPN Box Score | Uncasville, CT | Canada: Unknown |
Mountain: 5:00PM | WNBA League Pass | Home Team Broadcast: NBC Sports Boston | |
Pacific: 4:00PM | Road Team Broadcast: Silver State Sports & Entertainment Network |
Team Homepage | Team Roster & Coaching Staff |
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Social Media | Local Television & Broadcast |
Silver State Sports & Entertainment Network | |
KVVU | |
Youtube |
Team Homepage | Team Roster & Coaching Staff |
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Social Media | Local Television & Broadcast |
NBC Sports Boston | |
Youtube |
2023.06.06 19:36 JohnT_RE Brass Leopard Patch Notes (1.1.5 PC Update)
![]() | submitted by JohnT_RE to CompanyOfHeroes [link] [comments] https://preview.redd.it/y0aicaagof4b1.jpg?width=1200&format=pjpg&auto=webp&s=2fde3b28d5c7f75ba40240dfc922a9de92efc985 This update focuses on several quality-of-life improvements, gameplay changes, bug fixes and more. We feel these changes should provide many iterative improvements to the overall feel and experience of CoH3. You can find all of the changes below, or an overview here, along with a video summary here. In this update, you will find the following
Catania Crossing - 3 vs 3 Map Adding a new 3 vs 3 bridge map released exclusively for Skirmish, Custom Games and Co-Op vs AI modes.
Audio British Forces – War Cry ability
Gazala Landing Ground
The intent of the changes to airplanes and loiters is to deliver more believable-looking visuals along with better responsiveness and game feel. When a player clicks, it’s essential that the feedback on the ability be more immediate. As always, we are looking into new ways to bring you an immersive experience, so we’ve adjusted the visuals and deformation on airplane crashes, dives, and projectile speeds.
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2023.06.06 16:11 tumadrelover Michigan vs Michigan State 22-23 Season
![]() | submitted by tumadrelover to MichiganWolverines [link] [comments] |
2023.06.06 14:42 Johnny_Boy398 Africa Rework Proposal: Bêafrîka, Katanga, and the Mercenary Kingdoms of Africa
![]() | (This is part of a continuing series, links to which will be provided in the comments below) submitted by Johnny_Boy398 to TNOmod [link] [comments] Bêafrîka State: Bob Denard, Jean-Bédel Bokassa and the mercenary state. The term “warlord” has been abused by many as a catch all term for any armed african group. It brings to mind images of a barbaric, violent oaf seeking to enrich themselves with trinkets and money off the back of their military extortion: an example of the primitive and bloodthirsty nature of the african. This is certainly the purpose of the term for the Germans, who seek to paint all native armed resistance in this light in order to justify their own return to the continent. But despite this abuse of the term, and its unjust application, it is not made up out of whole cloth: bandits, criminal gangs and short sighted thugs do exist among the africans as they do in all people, and the chaos of the German collapse has given these characters the opportunity of a lifetime. In the former RK Zentralafrika this is seen most clearly in the “mercenary state” of Bêafrîka. Borders of a successful Bêafrîka. Many post-colonial African nations are accused of being artificial: random lines drawn on a map for the convenience of foreigners, and thus doomed to be either failures or exploitive facades. The truth of this statement is debatable: what makes a nation “organic”, is it truly critical that one be so? Are the struggles of new African nations so easily encapsulated? The argument goes on but all will agree on this: Bêafrîka is an utterly artificial and extractive state which can only begrudgingly be called a nation at all. The north-west of Zentralafrika has always been something of a hodgepodge. The initial conquest of the area from the Free French meant the roll back of any “nation building” expenditures in favor of reverting back to the old company rule. Corvee slavery, plantations and almost non-existent infrastructure was the rule even under the French, and as such the transition to German ownership was almost seamless. If the average native african noticed a difference at all it was in the flags and helmets of the whites who terrorized them: their managers and guards stayed essentially the same. As such the region was seen by independence agitators as ripe for their own movements to grow in. Though such resistance was kept on a tight leash by the Germans it finally burst forth in the northern incursion of 1954. Supported by Nigeria and with the German forces drawn thin by the ongoing Wester Russian War, socialist militants made a lightning strike southward in the hopes of toppling Zentralafrika. For a moment it seemed as if they would do it: the road to Leopoldville was only lightly guarded and the rebel numbers were, in theory, vast. But it was not to be: poor command structures and infighting slowed the rebel advance for long enough that Kommissar Krogmann and Seigfreid Muller were able to reorganize and counterattack with the aid of a new breed of soldier: the Mercenary. Though having been present in the role of corporate security for years this war was the instance when the Congo Mercenaries truly became a force to be reckoned with. Restrictions on who could hold a gun were dropped and the ranks of mercs swollen with Europeans, Asians and Africans. Though typically small groups and far more independent than Krogmann would have liked, they were all well acquainted with their trade and often brought along their own equipment. They could move fast, hit hard, and there was no reason to suspect their siding with the revolutionaries. With the aid of mercenaries and the cash of selling off vast tracts of land to private holders the revolutionaries were pushed back, and the long guerilla war began. Some areas of Zentralafrika were essentially passive, or had other security solutions. But in the north it was the mercenaries and the garrison which enforced the German order. Names of these men would soon become minor celebrities to the military minded, and their benefactor Seigfreid Muller got a promotion. But for our story only three names matter: the French “mercenary king” Bob Denard, “black Napoleon” Jean-Bédel Bokassa, and “the tiger” Alexandre Banza. Though it is the armed men who hold real power in their hands, the counter-revolutionary forces are not all German and French soldiers of fortune. The APL’s anti-clerical excesses and radical nativism also alienated the thin class of native collaborators and most of all the catholic church. Barthelemy Boganda was one such native conservative, being a native priest who has tried to act through the church to both reform and aid his flock. After the death of his mentor Marcel Grandin Boganda has become a leading figure of pro-native reform without resorting to violence or leftist radicalism. With the alliance of French and German landowners paying for their protection the mercenaries, though still technically led by Europeans, became the foremost armed presence in the north. Battling against resistance internal and external by 1962 they have become a hated and envied force, and one which Krogmann is eager to bring into line. But the South Africa War will get in the way of any reforms, with mercenaries once again being called on to shoulder the burden of warfare and internal suppression. By the end of the conflict, no matter how it ends, the mercenaries will have become an even more entrenched force in Zentralafrika. Of course when Huttig takes over this will no longer be tolerated. Having already been humiliated by Muller before, Huttig will take great pleasure in dismissing and rounding up the mercenaries, forcing them to join his forces as regular conscripts without any special privileges. Or rather he would, if he had been fast enough to catch them. When news came of Krogmann’s death and Huttig’s assumption of control the mercenaries did not wait for the order to come: they fled if they were able, and if not they seamlessly transitioned from paid agents of the state to new warlords out for their own survival and enrichment. And more than anyone they congregated around the new king of the mercenaries: Bob Denard. For the year Huttig’s reign lasts the gangs of former mercenaries will be yet another thorn in his side: raiding, bribing and leading his forces on goose chases. And thanks to Huttig’s destruction of any boats or airplanes he could not gain control over these same former mercenaries had nothing else they could do, unless they cared to gamble trekking all the way to Free France. But Huttig’s flailing attempts to bring them to heel was only one of many threats: in this same area socialist militants and petty warlords also sprung up, and sought to destroy the hated mercenaries themselves. When Huttig dies and the German forces retreat to Leopoldville all pretense will be dropped: the Pan-africans, Fang Gabonese and Cameroonian revolutionaries will all attempt to proclaim new states and to expel the gangsters of German capitalism for good. But with their attention divided and the mercenaries still possessing skill, fire power, and all the money the old landowners could scrap together the attempt will only be half successful. Right between the three of them the new Bêafrîka State will be proclaimed. Born in 1929 Bob Denard first got the taste for battle during the French State’s failed expeditions against De Gaulle in the late 40s. Deciding that there was better pay and better leadership to be had in Zentralafrika he was one of the first mercenaries brought in through the “King of the Mercs” Siegfried Müller. Though he has little patience for the Reich’s racial code he is a brave commander and an ardent anti-communist. After Müller’s disappearance upon Hüttig’s ascension the stranded mercenaries looked to those bold and skilled enough to lead them, and found it in Denard. Under the nominal presidency of Boganda, who was practically kidnaped to take the role, the new state is in perhaps the most precarious position of all post-independence states.Their domestic support rests on a incredibly thin strata of white landlords, a handful of native conservatives and a mercenary army which is already looking for a way out the back door. And opposing them is a very dedicated coalition of native nationalists and revolutionaries. It would be the most natural thing in the world for this ramshackle “state” to disintegrate. But there is one thing which can unite them, and can make them all take the risk of fighting it out: Money. Specifically diamonds, gold, and other precious metals which can be sold high on the global market. The mercenaries, native or foreign, have struck for fame in Bêafrîka with the process of becoming more than the lap dogs of the wealthy, but instead to be the wealthy themselves. Baganda hates this of course, but no one asked: the guns call the shots here. And besides, the APL has already branded him a traitor to the people: in the mercenaries' eyes he should be thankful that he still has his head. And so it is decided, the mercenaries would make their own little heaven, and all they had to do to keep it was win the war for it. Against them stands the APL, their long-time adversary. When the war begins these Pan-africanists, supported by Cameroon and Nigeria, will take the fight to Bêafrîka. This would probably be a death sentence if it were not for the fact the APL is fighting a two front war with the Nationalists to their east. If the mercenary state should still fail it will be dismantled, with the surrounding states taking over its former territory. But if it should win this first war the gamble will have, for now, paid off. Bob, Bokassa and the rest will be able to begin bringing in the money as they use outright criminal methods to both extract and then sell the bounty of the land. The people, of course, hate this as does the nominal “president”. And within the mercenary ranks new fissures will soon begin to show. When faced with a united enemy these men were willing to work together, but now that the threat of death no longer hands quite so close the question of dividing the spoils has quickly turned into a feeding frenzy: it seems to be every mercenary clique for itself trying to carve out its own privileged fiefdom. And it is here that the reformists, such as they are, spy an opportunity. Alexandre Banza, born 1932 to the Gbaya people, is one of the very few high ranking officers who have a ethnic connection to the land they now rule. His story is much the same as the rest of the black mercenaries: born to a poor family he saw mercenary service as a path to excitement, respect and advancement he would never get on his own. Intelligent, ambitious, and unscrupulous he would rise to become a commander of his own group before the Huttig takeover, and should he take power will rename his state the Bêafrîka Republic, embarking on a cynical campaign of “reform”. The continued presence of white mercenaries is especially resented by the people, and none more so than commander of the presidential guard and de facto leader of the Bêafrîka State Bob Denard. As such soon after the emergency of war has passed Denard will be dismissed from his position and the two most prominent native warlords Alexandre Banza and Jean-Bédel Bokassa will be invited in to take command. Denard of course has no interest in leaving, and will arrest the president in his own residence, but not before word of the new decree leaked to the streets and the other mercenaries. So it is that the fate of Bêafrîka will be decided the only way a state built on mercenaries could be: with a shootout for control of the president. On one side is Denard: he has already made overtures to Free France and the OFN, as well as criminal contacts in Europe. By leveraging these contacts, and with the aid of the remaining white mercenaries who see his removal as the precursor to their own, he may be able to fight his way out and rise to power over the bodies of his rival warlords. If Bob Denard and his presidential guard emerges victorious president Boganda’s days will be numbered. Unceremoniously removing and replacing him with a more compliant puppet who I will not even bother you with the name of, any promised elections will be delayed, and then delayed indefinitely. In the end even the facade of democracy will be left behind as the government instead relies on various emergency decrees and under the table deals, as well as outright coercion to cement its power. This is the true mercenary state, in which the armed and powerful take what they want from the weak and destitute: the state will see its revenues come from precious minerals and eventually oil, but just as much from the underground world of smuggling, arms trading, mercenary contracts on behalf of any who will pay, and even (if rumors are to be believed) human trafficking. Denard himself is not so unsophisticated as many of his henchmen: he portrays himself and his state as anti-communist crusaders who are willing to go to the ends of the earth to protect the people from the bolshevik menace. But it makes no difference to the people and to his neighborhood: unless those friendly to him such as the Free French and the Belgian regionalists are victorious both Denard and his state will find themselves facing external invasion sooner or later. When that happens, surrounded by disciplined enemies and facing ever increasing internal revolts, Denard will do what mercenaries do best: he will gather what valuables and guns he can before fleeing. But if this should not happen: if the Congo should remain shattered, and Nigerian ambitions fail, who knows how long the dream may last? Living as they do in a half criminal status all mercenaries are well acquainted with the underworld. Under Bob however the state itself will come to resemble a crime syndicate, with Bob acting as the Mafia boss. More than any other single resource diamonds are the breadwinner for the “White King of Bêafrîka”, but taking a page out of Manchuria’s playbook drug production and trafficking are increasingly filling the ledger as well. The diplomatic denouncements are nothing: there are always back doors which money can open. But all this is only if Bob and his people should win the battle for President Boganda. For the first time having the full backing of the streets and with a larger manpower pool to draw from it is likely that the native warlords Alexandre Banza and Jean-Bédel Bokassa will become the victors, chasing out the (competition) colonizers in favor of their own rule. They shall of course be rewarded by the eternally thankful president for their good deeds: Bokassa will take over as the new head of the presidential guard, while Banza will become minister of finance and foreign minister. But just as inevitably there is no throne on earth big enough for two people and so the former allies will soon look for a way to oust the other. The hope of the civilians lay in the victory of the Alexandre Banza clique. If he should succeed in arresting and disappearing his rivals Banza will seek to somewhat moderate the state. Rather than rely on naked coercion he will enforce the most basic of social contracts: in return for the country's obedience he will provide protection. Though the basic facts of the Bêafrîka State shall remain: a thriving underground, an economy based on raw export, and a army of criminals, the worst aspects of this rule will be softened and the “civilianization” of government give cosmetic reform to the regime, and finally permit the nominal president a level of dignity, even being allowed to push some of his catholic inspired social reforms. Though not much more than swapping a military uniform for a business suit this will go some way to providing a sense of normalcy, and allow the state to take a non-aligned stance rather than become the plaything of some foreign power. On the other hand is the favorite of the soldiers Jean-Bédel Bokassa. You know him as the “mad” emperor of the C.A.R. otl, but there was always a method to his madness: one cannot remain in power for over a decade by being stupid. Where Banza seeks to normalize his regime and to be seen as a developmental junta rather than a warlord, Bokassa will lean into his reputation as a warlord, adding esoteric elements to bolster his rule over strangers. Under Bokassa the new system will be entirely personal: he will take the already weak state apparatus and effectively dismantle it, instead relying on personalized dependents to govern the capital city, and leaving the remainder of the country to its own devices so long as it bent the knee when ordered. No longer able to convincingly portray himself as a benign figure to a people who are mostly foreigners to him, he will instead tap into local superstitions to appear as the master of the occult, ruling as a man to be feared even beyond the grave and allegedly indulging in cannibalism. Perhaps even more importantly however he will make a hard switch from western backing to eastern, seeking the protection and the money of Japan. In this at least he will be fairly competent: negotiating the relationship with Japan through a mixture of bribery, utility, and threatened confiscations to wring out as much foreign aid and diplomatic backing as he can. Beyond this his rule will be one of chaos and decline with the people seeing their standard of living decrease yet further to a near subsistence level. But it will be a chaos which Bokassa alone is the ruler of. Jean-Bédel Bokassa has been fighting longer than most: volunteering for the Free French during WW2, he was captured and ultimately released during the German conquest of Gabon. From there he drifted as a menial laborer until the northern insurrection forced the Reichskommissar to bend, and Bokassa was called up by an old french commander. From there he rose to be the de-facto head of his own suit by 1962, and now the undisputed leader of his own fiefdom. The extreme personalism and close relation with Japan will eventually result in his coronation as the sovereign of the Central African Empire. Whether it be cynical pragmatism or esoteric terror the Bêafrîka State will remain a pariah among their fellow african nations. Cameroon and Gabon will consistently attempt to undermine and take over their territory for themselves, while even the Germans will see any government as traitors and rebels. Though its military may find a backer and its people may become cowed, the incredibly fragile state will come to an end sooner than later, unless they get very lucky. Any Nigerian victory will be a disaster, but a successful unifyer to the south and east would be a great threat as well. They were already founded in the war against one of those potential unifiers and all contenders for power recognize that a united Congo is a dangerous Congo. So, either through direct aid in the case of Denard or cheering from the sidelines Bêafrîka must hope for the victory of the regionalists and Jean Schramme. Katanga, the Regional Alliance, and “The Belgian”. For the Pan-Africans, the Republicans, the Nationalists and even the Germans survival is not enough: they wish to reunite the old Belgian colony under their vision of the future, and perhaps even seek expansion beyond that. But not all “congolese” feel this way: in particular the province of Katanga sees no reason why it should not be free to plot its own course. Wealthy in its own right with economic ties to the south the elite of the mining provence see no reason why they should be chained to a central government, and are at least partially supported in this by the people. Just what future this “independence” takes is is still up for grabs, but in the chaotic aftermath of Huttings death Moïse Tshombe, Albert Kalonji and Jean Schramme will form a triumvirate to lead the Regional Alliance. Élisabethville slum. Katanga is the richest province in the Congo, as well as the one with the highest concentration of Belgians, and as such has seen the beginning of a modern city develop in its capital. It has also been the prime region for victims of the Congo Dam to migrate into, on account of its relative stability and high labor demand. This has all combined to put a great deal of pressure on those populating the land south of the lake and the development of modern slums alongside the growing city. Katanga is, in 1962, the last remnant of Belgian colonial rule left after the German takeover. Not formally of course, that had been swept away along with Belgum itself in the 50s. But just beneath the German surface the old colonial trinity of church, company and stick still held true, and mostly under Belgian control. In the aftermath of WW2 and the establishment of Burgundy many Belgians had chosen to migrate into their old colonial territory, either for political or economic reasons. Their numbers would soon fill out the officer ranks of the Force Publique, the managerial posts of various new mines and plantations, and the pews of the catholic church. But it would not be the end of their difficulties: the old trinity clashed with Krogmann’s designs for the colony and after formally absorbing it in 1955 the contest began. Where the catholic church once held near total control over healthcare and education, not to mention religious life, Krogmann favored secularism for the european and promoted dechristianization for the native. His hopes for dissolving the FP and for removing french and dutch from the lexicon would be similarly resisted. By 1962 this contest of wills has continued to grind on, with the steady advance of germanization being constantly interrupted by economic and political expediency. The Belgian Katangaians find themselves stuck uncomfortably between German pressure from above and Native pressure from below. This native pressure is on one hand from the educated evoles, always looking to improve the lot of themselves and sometime of their kin. But it also increasingly comes from the restless masses who have come under pressure from the fallout of the Congo Dam. As the Belgian congo moderately prospered the cities began to grow as well, with the colonial authorities making tentative attempts to accommodate the influx. But after the Congo dam and the German takeover both of these trends changed. Millions of refugees fled the great flood into the wealthiest regions they could go: Leopoldville and Katanga. The population of the cities exploded, and the subsistence agriculture still practiced by most Congolese came under incredible pressure as migrants and squatters proliferated. The Belgian authorities meanwhile were left without the resources needed to truly accommodate this change, and were left with only the Force Publique to try and keep the “indigenes” separate from the new “foreigners”. It was in this context that regionalist associations with the goal of protecting specific people, such as the Lula or Lunda, came to dominate the native political scene, such as it was. Both of these movements discovered that they had similar enemies: both resented German power and feared the “national” native resistance. But this did not yet mean they became allies. Moïse Tshombe, the nominal head of Katanga. Born to a noble lineage and always wealthy, his desire to be liked and his lack of spin have made him into an ideal puppet for other interests. His current sponsor is the remnants of the old Belgian Union Minière, which comprise much of Katanga’s economy. Though not hated by any “his” government is in reality more beholden to his lieutenants such as Godefroid Munongo. Katanga had lived in an atmosphere of tension even before the rise of Huttig and the advent of the “Afrikareich” did nothing to alleviate this tension. As part of Huttig’s program to fully disarm the natives and bring all armed forces under SS command he attempted to disarm the Force Publique and Belgian mercenaries, rolling them into its own armed forces. Prominent civilian Belgians were arrested and replaced with SS men, leaving both the Belgians and the natives angered. Under this new pressure some decided to give it up: the new regime could not be bargained with as the prior one was, and any resistance clearly meant death. But enterprising elements were not willing to take death laying down: most prominently this included Godefroid Munongo and Jean Schramme. Using their own wealthy connections and estates as payment they would form small resistance groups, and would be the first formal alliance between the Belgians and the regionalists. To cut a long story short when Huttig dies and the Germans retreat to Leopoldville, those SS governors who do not flee will find their lifespans much shorter than expected, and those brave or desperate enough to resist Huttig will return to power. In the face of nationalist calls to reunite the congo however, the regionalists will move first. With the lavish bribery of local mining conglomerates and the justification of “popular will”, the Belgian community led by Schramme and localist leaders will form the first concret result of their ad-hoc alliance: The State of Katanga. In its first years Katanga is a divided and unsettled place, forced into unity by the common fear of external subjugation but beholden to competing political camps. The state itself is at least nominally led by Moïse Tshombe, descendant of the kings of the Lunda people and scion to one of the last wealthy native families. He is the figurehead of a poorly organized class of native elites and collaborators, most often independently wealthy and committed just as much to their own economic privileges as they are to the cause of regionalism itself. But despite this Tshombe heads the closest thing to a “popular movement” in the new state: the "Confédération des associations tribales du Katanga" (CONAKAT). Formed in the interest of protecting the livelihoods of the Lunda against the encroaching migrants it is through this party that the people are mobilized for war. Relying on traditional authority and elite connections in the name of a tribalism has been effective in at least countering the partisans of the republicans and nationalists which contest the provence. Just as in the other contenders the war is as much a mater of internal division as it is defeating external challenges. But in order to meet those external enemies the party has been obliged to do so with the aid of their “ally”, the Belgians. Jean Schramme, despite his official profession, is less of a mercenary and more of a Belgian “contractor” who has a reputation for getting things done and resisting German encroachment. Coming to Africa soon after the end of WW2 he is part of a new breed of Belgians who consider Zentralafrika, or more accurately Katanga, as their true home and embrace the ideal of a paternal ruler of their “primitive” neighbors. Being a successful entrepreneur as well as part time leader of the “Leopard Battalion” Jean has become a prominent part of the Belgian expat community. But though he no longer wishes to return to Europe do not think he has forgotten what the Nazi’s did: the old motherland is dead by German hands, and he has not forgiven them. Just as on the native side the Belgians are divided internally: German policy was frustrating and insulting, but it was also relatively stable and offered a protection against the natives surrounding them. To forgo this protection and risk battle with the world's superpowers in the name of an uncertain independence requires a boldness uncommon in men. But since when did the meek make history? Returning from his armed exile Schremme will find the FP and Belgian police in disarray, and take it upon himself to topple the last of the SS governors. In his mind there is no question: in order for the Belgians to be free and prosperous they must take the risk of rebellion against Germany and carve out their own state in the chaos. But despite his personal exploits he is unable to do this on his own, and so despite his personal distaste for allying with the native regionalists his own backers in the belgian mining and administrative class have forced him to make common cause with “their” evolese. Regardless Schremme has become the critical belgian commander in this rebelion, bringing the remainder of the belgian community with him whether they like it or not. He leads in a mercenary style, never far from the front lines and with a greater emphasis on personal bravery than more mundane things like logistics. Though Katanga is the heart of the Regionalist Alliance it is still only one part of that alliance: to the eastern flank is Sud-Kasaï, led by Albert Kalonji as the vanguard state of the Luba secessionist movement. Both Kalonji and Tshombe claim to be protecting their people (Luba and Lunda respectively) from becoming minorities within their own land and from becoming the playthings of another foreign power, whether that be Germania, Washington or any other place. They are also both from prominent and wealthy local families, who have cooperated with the belgian colonizers for generations and have every personal incentive to resist foreign acquisition. As such their support is not primarily from the people, but from the oligarchs and the army. These are two significant advantages however: While other factions are scrambling to put together a military, a state, and to pay for it all, Katanga and her allies are able to fall back on the old colonial power structures, expanding the FP and leveraging oligarchical ties to slap together an army faster than their rivals. With the mix of audacious leadership, money and the Schramme loyalist mercenaries/formed FP officers the alliance may be able to snatch its independence despite the lack of international backing. Map of regionalist victory, Azandeland acts as a placeholder for local authority (or lack thereof), Sud-Kasai is the Luba Empire. The immediate issue facing the regionalists will be export access: the states survival depends on the revenue from its extensive mining operations, and if that material cannot be exported it is worthless. For this Katanga must either negotiate a trade deal with the German remnants, or seek a detente with the self proclaimed frontline of liberation Zambia. Neither is eager to do this, but the world calls for what Katanga can provide, most of all Uranium. Eventually the market will win out, and one side will decide it is better to compromise principle than give the other an opportunity to gain access to the Katanga bounty. IF VICTORIOUS the Regionalist Alliance will comprise an expanded State of Katanga, the Luba Empire, and a number of minor eastern powers propped up by Katanga. For the Luba and the Eastern chiefs the question of post war politics is an easy one: tribal traditionalism shall prevail as Albert Kalonji names himself king and the local chiefs are either bribed or threatened into compliance with the new order. While some may make efforts to modernize and advance their domains it will only be done under the watchful and occasionally helpful eye of Katanga. The only question remaining is who will be in control of Katanga itself. Jean Schramme is not a reasonable man, or at least not a moderate one: if he feels that he and the Belgians are not granted their proper place he may well try to overthrow Moïse Tshombe and install himself as the leader of the new state. The natives are less than satisfied as well: though free of foreign control it is clear to them that the old order is no longer acceptable: the people who fought and won the war for independence demand that their sacrifice be rewarded in some meaningful way. And most of all the question of race can no longer be papered over: The Belgians and Europeans remain on top, the migrants have been savaged, and the land and jobs available are not enough to satisfy them all. To reconcile these internal difficulties a conference shall be held between the Belgian leadership of the army and company's one on hand, and the native oligarchs and officers on the other to see if a viable solution can be worked out. On the Belgian side the question is that of security and property: they wish to maintain the full roster of legal rights granted to them by belgian law, to keep their property and company concessions, and for a Belgian “veto” in the national government to ensure that Belgian rights are not trampled by some future populist government. On the CONAKAT side is a desire to renegotiate the terms of the “social contract”: to ensure a majority native voice in government which cannot be overruled by Belgian privilege, greater native ownership of property and the full abolition of any legal barriers to their advancement. However both sides are united in seeking stability and in their distrust of the congolese “masses”. Those masses are not without a voice themselves: through labor unions, dissident political parties and new officer associations the experience of warfare has made the people politically aware. If the result of the conference does not give some bones to the people it may find that its support is far too narrow to be stable. Union Minière, once the undisputed master of the Katanga economy, has declined somewhat under German overlordship. With a majority of its shares owned by the Belgian state and its former leadership fleeing to America after the end of the war its foundations were shaky. When Krogmann began the great sell off and rescinded the Belgian Congo’s autonomy the company found itself in yet more hot water. Transitioning to a locally owned company within Zentralafrika itself the Union has been forced to cut back on its paternalistic spending to make ends meet. Beyond the typical demands for labor rights and wage increases the Kantaga people also wish for a return to the housing, education and social protection once afforded by the leviathan. With its place in Katanga once again secure this may just be possible. A successful conference will be one of compromise. For the people a number of social protections and laws will be promised: greater state funding to education, hospitals, and housing will be promised, along with a hike in wages. In order to afford this the belgians will need to accept their privileged economic position comes with a responsibility to fund the state which protects it: though direct taxes may be a bridge too far a system of expected “gifts” and an expansion of the old paternalism into state guided policy may work out. In return for their material contributions the Belgians will receive legal autonomy, organizing their own political parties and keeping their land. The native oligarchs meanwhile would take the national stage, being granted privileged places within the Katanga economy as well as using CONAKAT as their vehicle for political dominance. Concessions and compromises such as these require that all parties trust the other to keep up their end of the bargain, and not simply alter the deal when they feel they are able. And in the aftermath of a brutal civil war and a political culture of corruption such trust is very hard to come by. But if these difficulties are overcome, and Jean Schramme is kept mollified, the new State of Katanga will be ruled as a collaborative oligarchy, keeping real representation out of the hands of the people and wealth in the hands of a few, but also a relatively stable and moderate government which is willing to compromise when need be. Unless it is a question of distrusted ethnic groups attempting to secede from the state or restart Congolese unification, in which case the Katanga Gendarmerie will be the only answer given. But what if this conference does not succeed? What if the protests outside become too large, or the sides are too inflexible, or if Jean Schramme believes the rights of Belgians are being sold too cheaply? Then the Rule of Fire will come back and those with the force to crush their opposition will prevail. And in Katanga that can only mean one thing: Schramme and his allies will stage a coup, placing themselves in charge once again as an emergency government. Those unwilling to ally with him will be dismissed, replaced with those who are. The new mission of the state is the protection of “Belgian civilization” in Katanga, with Schramme attempting to revive the old trinity of Church, State and Company under his guiding hand. He never truly wanted to be in this position: he would much rather simply go back to his plantation and be master of his own little world. But he belives that his new homeland calls out for leadership and guts it seems only he can provide, and so he will seek to lead it into the future he envisions. One where the Congo natives are grateful and subservient to their betters, where all the structures of the trinity are led by Europeans to the benefit of all. Of course most of the natives have very different ideas about what the future should look like, and so Schremma’s Katanga will immediately be thrown into a bush war as the old civil war factions reform as guerrilla movements seeking to topple his dictatorship. The profits of Katanga are vast, especially if one is willing to sell uranium to anyone willing to buy, but how long will money and determination be able to hold against the will of the people? At a stretch the white population of Katanga is 100,000, while the total african population is somewhere north of 1.5 million. This is before one considers the increasing populations of the Luba Empire and the eternal frontier of the Eastern Congo. And then there is the highly likely presence of hostile regimes on the borders: all the money in the world cannot win Schramme this Bush War, and he will either need to swallow his pride and accept democratization for the natives or accept the return of the Reich as suzerain. And even that may not be enough to avoid the rage of a people betrayed. |
2023.06.06 13:32 cosmoshistorian A Rocket Lab Due Diligence (DD), it is time we discuss this company seriously.
![]() | Rocket Lab Due-Diligence (DD)‘We Open Access to Space to Improve Life on Earth.’IntroductionWith 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 $3.6-4 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 LabsRocket 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 FundamentalsRocket Lab faces competition from other commercial launch providers, such as SpaceX and Blue Origin. 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 MovesRocket 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 Virgin Orbit HQ in California, 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 FutureRocket 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. Edit: Made some edits to spelling and fixed two mistakes pointed out by commenters |
2023.06.06 13:13 cosmoshistorian A Rocket Lab Due Diligence (DD), it is time we discuss this company seriously.
![]() | Rocket Lab Due-Diligence (DD)‘We Open Access to Space to Improve Life on Earth.’IntroductionWith 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 $3.6-4 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 LabsRocket 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 FundamentalsRocket Lab faces competition from other commercial launch providers, such as SpaceX, and Blue Origin. 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 MovesRocket 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 Virgin Orbit HQ in California, 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 FutureRocket 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. Edit: Made some fixes to some mistakes I wrote |
2023.06.06 10:55 Same-Baker5025 How would this Cold War develop?
![]() | Nov 11th, 1947. The war had developed not necessarily in the favor of the Worker. submitted by Same-Baker5025 to Kaiserreich [link] [comments] Six years. Six long years of attritional, back and forth warfare not unlike what the fathers and grandfathers of both sides experience all those years ago. Innovations in tactics, and technology promised a change, a break with the Trench Warfare that lost the world a whole generation. Instead, while it achieved great gains, losses were often just as devastating. One day could see fifty kilometers of land taken before running into a new line of fortifications, only to lose that land and more a few weeks later. Generally speaking, the Syndies had the momentum in the early stages. Their doctrine of "Bullets, not Men." turned Alsace Lorraine into a steadily deeper crater as they advanced into Germany. The Belgian fields were not much better. German Command had hoped that they could punch through the Ardennes and encircle their enemies, but as fate would have it, a Norwegian unit happened to be nearby at the time, and managed to plug the gap until heavier reinforcements arrived. From then on, a high stakes game began. Both sides would attempt to mask the true location and intent of their mechanized forces, and punch through where they suspected their enemy would have a delayed response. Of course, the defender could also hold back his forces, turning a breach into a feint to encircle the now exposed mechanized force, denying himself an opportunity to strike. This game continued for years, looking like a rerun of the first Weltkrieg with a series of sideshows across the world. Both the Spanish, and American Civil Wars began to finish around this time, resulting in a CNT-FAI victory, and a stalemate along the Rockies between the exhausted PSA and CSA, the treaty splitting Denver in two where both forces met for the first time. Sweden's Nationalist Junta joined Germany in its quest to rid the world of Syndicalism, and invaded Norway. Finland saw a chance to kick Savinkov in the shin while he was distracted, seeing his Russianization plans as an existential threat, and joined the Germans. The Balkan League achieved its final goal of kicking the Ottoman Empire out of Europe (with unofficial Russian Support) around this time by taking advantage of it being distracted in a war with Egypt. Infighting between various Chinese factions and Warlords caused organised resistance against Japan to collapse, though Guerrilla warfare would continue for years and even to come in many areas. The Russian State performs somewhat better on the battlefield than expected, mostly as Germany mainly put under-equipped, and less... politically reliable units on the Eastern Front, expecting them to merely delay the Eastern Hordes as they quickly crushed the Syndicalists who certainly couldn't put up nearly as much of a fight as their now defunct parent states. Russia also benefits from a strong Anti-German sentiment in the region, gaining the support of nationalist, and even syndicalist partisans, at least in the face of a common enemy (that, and many such movements felt Savinkov would be easier to defeat than the Kaiser.). Many in German High Command want to move troops to compensate, but are concerned that it would grant the advancing French more momentum. In '43, seeing Germany being pushed back almost to the Vistula, the Danubian Federation chose to join the war, alleviating the rapidly collapsing Eastern Front, and quickly begin turning the tide. By '44 new stalemate had been reached, almost along 1914 borders. Both sides were already tired, and their populations were growing restless. Germany was expecting a quick, lightning war. Kicking in the already rotting house of Syndicalism, and finishing off a Russia collapsing into madness. The Syndicalists equally expected their new methods of war to achieve results with the support of German workers finally breaking their chains. Only one nation would manage to achieve any of its goals in a satisfying manner. Boris Savinkov would sue for peace on Nov 11th, 1944. Retaking much of the land he wanted to rebuild the Russian Empire, but not all of it. He knew Russia would be less than 6 months away from tearing itself apart at the seams if peace was not won soon. But he also knew Germany was equally desperate for relief, and his assumption bore fruit. By this point, German High Command felt that they could not win both fronts, and told the Kaiser as much. International forces began to push with everything they had, knowing they only had a limited time before Germany's eastern forces arrived. They ended up crossing the Rhein before meeting this new eastern wall. Afterwards, it was another slow push, all the way back to bloody Paris. But this time, the French would not surrender. Not that the Germans would accept such a thing unless it was complete, and unconditional. "To prevent their insidious minds from creating some other insane ideology, we must destroy the French nation as a concept." is a quote often attributed to Kaiser Wilhelm, and though he and his family have denied saying such a thing, it's easy to see why he gets saddled with it. Widely considered by every state in the world to be nothing short of a crime against humanity, the Battle of Paris, is never called such outside the Reichspact. No, the rest of the world call it the Desolation of Paris. Rather that fighting street by street, the city was completely blasted apart by artillery fire, long after resistance stopped. The modern Paris, is nothing but an echo of what it was. An imitation. Not long after the Desolation, organised resistance in France collapsed. Still loyal Syndicalist units either chose to form partisan units, or flee with their either their English allies across the channel, or cross the Pyrenees into the still neutral Spain, who had not joined the war due to the sheer devastation of their Civil War, and the clear writing on the wall of how the war was going. The Germans, rather than attempt an invasion of Britannia, then attempted to isolate the Union from the rest of the Europe, forming a New Continental System. Protected by their new modern Navy and Air Force, and supplied by their American comrades thanks to Norman Thomas's policy of "Peaceful Solidarity", the Union of Britain could weather this new Continental System indefinitely, but after Savinkov settled for a peace along the Dnieper, the planned liberation of their French allies was deemed all but suicidal against the fortified shoreline. Inversely, the German High Command had felt an invasion against the Union, while costly, would be well worth the price of ending the Syndicalist threat once and for all, and bet their Navy in an all out attack called Operation Sea Lion, supported by the culmination of a secret project that had been on the backburner all war. The Atomic Bombing of Brighton was supposed to clear the way for the landings, and in many ways it did. Much of the Home Guard, and Republican Air Force in the area were devastated. But equally, the landing itself went about as poorly as possible. It was only in a narrow area, and the Brits had secret airfield nearby. The Germans established a beachhead, but it quickly proved to be less an opening, and more a killing field. Furthermore, the Germans had underestimated the radius of dangerous radioactivity. Hundreds of thousands of soldiers, and civilians died in that radiation blasted city before German High Command realized this wasn't going anywhere. Warhawks in the administration wanted to send more nukes to soften the Anglos, but the Syndies had quickly reestablished the air dominance they'd briefly lost, and would fight with all they had to knock any Strategic Bombers they found out of the sky, in three cases a fighter pilot would end up crashing himself into one, sacrificing themselves to destroy such bomb carriers when it looked like the Germans might have punched through to London. The German High Command felt secure in its new holdings, and saw that further conflict would only achieve losing men and resources for no gain beyond unrest at the home front. They offered the Britons a second Peace With Honor. When it seemed Oswald Mosley was preparing to continue the war for however long it took to win, the military began a coup, led by General T.E Lawrence, who would reestablish Orthodox Syndicalist rule across the country, and more promptly, sign the treaty, leaving only nation on the Continent under Syndicalist control. Peace was declared on February 12th, 1947. On November 11th of that year, the Commonwealth of America would test a nuke of its own on an island in the North Sea. Both sides saw the hell of nuclear war firsthand, and hesitated. A new, cold war, had begun. The Germans would then break up the French nation into four states, to be ruled as neo-feudal regimes like their eastern conquests, the Kingdom of France, and the Duchies of Brittany, Burgundy, and Aquitaine were established, each with German Monarchs. Despite being weary of war, the French would continue to resist their foreign occupiers, who made it general policy to prevent the return of France as a power capable of competing with Germany. With that in mind, the Reichspact reorganised in '49. Becoming a Pan-European Alliance/State, dedicated to preserving the new status quo, with a unified military apparatus, economic plan, and aristocratic outlook. Though a handful of exceptions existed, each of these states were outright authoritarian in some manner. In Germany, the military industrial complex all but took over the nation, affirming Prussian Martial Tradition as one of the state's guiding principles, turning Germany once more into an "army with a state". "Democracy" was a privilege awarded only to those with aristocratic heritage, or those who had distinguished themselves in Military Service. What Liberal, or Socialist influence remained however was quietly removed to "reeducation" camps. Sweden was somewhat more... zealous in its persecution of leftists, and even moderates. Swiftly becoming known as the Pact's "Little Russia" due to its militarism and brutality against undesirables and degenerates. Seeking to form a united, Nordic identity, the Swedes broke their promise to restore King Hakkon, and annexed Norway in order to prevent the King's moderation from permitting Syndicalist resistance to fester. Germany aquisces to this on the condition that Sweden would restore the King once said resistance had died out, but time will tell if the Swedes will concede to their allies in this matter, or if Germany will bother enforcing it if they refuse. The Danubian Federation is perhaps the most moderate member of the Pact, with its signatory states maintaining some form of Democracy, if a somewhat closed off one to much of their population. Election laws and infrastructure tend to heavily favor the various Conservative Parties (by design), but Liberals and even Social Democrats see some limited representation. Nationalism however is treated almost as harshly as Syndicalism. The brief Civil War, and various ethnic conflicts Austria has had to deal with since the death of Archduke Ferdinand has soured the concept to the Aristocracy. Economically, Industrialization has boomed since the formation of the Federation, earning Vienna a reputation as the Workshop of the Pact. Italy can be described as the Black Sheep of the truly Independent members of the Pact. It's reunification, once expected to be a bloody affair, turned out oddly peaceful... and really just odd in general. When most of the International turned towards Totalist and Maximist ideologies, the SRI was left quite... uncomfortable, having elected the Christian Socialists. The SRI was all but certain that the Authoritarians in Paris and London were aiming to either coup the still strong democracy with the support of Benito Mussolini, or failing that, leave them for dead against the Austrians, and Borbone Sicilians. Left without true allies in the middle of a hostile Europe, one can imagine their relief when the Social Democratic government of the Two Sicilies approached them with an offer they could not refuse. Peaceful reunification. The process was somewhat... convoluted, but to summarize, the two would unite by essentially combining both parliaments. This grated on nerves to say the least, but held some precedent, unification advocates pointing towards Giuseppe Garibaldi's dislike of Monarchy, but working with the Piedmontese King for the sake of Italy, as well as Italy's history of a land where various government forms fuse to form something better, like when the old Roman Republic fused Monarchy, Democracy, and Oligarchy, the Socialist Kingdom of Italy would fuse Monarchy, Democracy, and Socialism. The end result was a Constitutional Monarchy dominated by Social Democrats, Christian Socialists, and limited Conservative representation, with perhaps the most diverse economy in the world, consisting of corporations, coops, TUC's, "Mom and Pop Shops", and even the odd vestigial tenant farm, or pseudo-serf. Seeing the way the wind was blowing, Victor Emmanuel chose to allow Sardinia to be annexed into the Kingdom in exchange for retaining his claim to the title "King of Italy", monetary compensation, and a later marriage that would unite the two houses. The Legionary Republic of Italy however, would take much longer to return to the fold. The Pariah state would collapse on its own by 1950 after the mysterious assassination of Italo Balbo. A series of misadventures and fortunate/unfortunate events would see the Socialist Kingdom retake Libya and Eritrea without much of a fight, as well as annex Tunisia, Nice, Savoy, Malta, and Cosica in the aftermath of the collapse of both National, and Totalist Frances. The narrow-majority Christian Socialists, to make the situation even stranger, didn't even really want the colonial empire, being more interested in rebuilding Italy, but the Social Democrats, and Royalists insisted the easy pickings would be a condition of their odd coalition. The SD's and CS's pursued policies of cooperation with indigenous peoples, to great success in some areas, and... less than success in others, especially in Somalia, when the country was "gifted" to Italy by Germany in '54. Being a "Socialist Kingdom", one might think Italy would had its work cut out for it in the foreign policy department, maintaining a form of government many have thought contradictory, especially among the more ideologically driven circles in Philadelphia and London. It seemed however, Italy had caught Germany in a Bismarckian mood in July of 1954. While the Reich did not see Italy as a conventional military threat, the possibility of America using the Boot as a staging area, and nuclear dagger pointed at the heart of the Pact, was too great to ignore. And yet, they could not outright invade without the risk of America choosing to interfere through the Iberian Union. Instead, Italy was approached diplomatically, and offered economic and industrial concessions in exchange for aligning with the Pact, at least on paper. In truth, Italy's deal with the Pact resembles its old deal with the Central Powers than a true alliance. It would come to Germany's aid if it were to be attacked and vice-versa, and a great deal of economic cooperation took place, as well as the return of Somalia into Italian hands. Ultimately turning Italy into the Reich's second breadbasket. This... strange approach has worked well for Italy, up till now. But it has always been a tenuous position. More hardline CS's chafe under the coalition, ans want to realign Italy with the International, the diverse economic system is far from streamlined, threatening economic "hiccups", and the looming Red Scare in Germany threatens to turn their current ally against them. Will the Center hold, or will the pendulum swing left, or right? The remaining Syndicalist nations on earth would reunite under a 5th International (declaring Mosley and Marcel Bucard's regimes illegitimate takeovers of the 3rd to be a 4th International.), and though it claimed to be a union of equals like the 3rd, it would seem to many to be an American dominated hegemony in all but name. American Business Unionism saw its economy soar in a Post-War Economic Miracle. Wary of Totalist takeover like in the 3rd, Harry Reed, Norman Thomas, and now Eleanor Roosevelt put a good deal of effort into removing authoritarian elements in the party, seeing them as just as much a threat as Longest, Federalist, and Klanist resistance. Since then, the renamed Socialist Republic of America has maintained a multi-party democracy, consisting of Orthodox Syndicalists, Moderate and Christian Socialists, Social Democrats, and a handful of Progressive Republicans. Though physical reconstruction is over, the scars and echoes of the Civil War remain. With the exception of a few compounds in Appalachia and Montana, Federalist resistance has ceased, but Reactionaries remain a constant threat to anyone below the Mason-Dixon line. Longist Minutemen, and the Silver Legion carry out regular domestic terrorist activities, supported by German and Italian gun runners. though they are rapidly running out of room to hide as they lose support among the more moderate people. Segregation and Jim Crow are officially over, but the question of how to deal with their aftermath and Legacy remain unanswered. Though most see investment and reformation of the Tenant Farmer system into Worker Coops as the best way of dealing with the issue, others advocate for an Autonomists approach, creating a special region called "New Africa" to allow African Americans to develop on their own terms. The Union of Britain is a country in the midst of some serious soul searching. They've now lost two generations in a pointless continental conflict, and have become but Greeks in the new American Empire. Their time as the center of the world had truly set. Now they must redefine themselves. Most Moderates see the turn towards Mosley's nationalism and jingoistic rhetoric as the cause for their current predicament, and have sworn off such authoritarianism in exchange for returning to old Syndicalist principles. Many however feel as though England was "stabbed in the back" by cowards, reactionaries, and a great number of other traitorous people. General T.E Lawrence's subsequent assassination by a radicalized member of the new IngSoc party, and the general apathy, or even support of it by a significant chunk of the remaining Totalist and Maximist supporters has worried many in the International, and fear that Britain's defeat has only Martyred Mosley, rather than delegitimize him. Will the Union of Britain find its place in the new world order? Or will The Party retake control, and steer Britain down the correct path? The Bharatiya Commune is perhaps the closest thing the SRA has to a true partner in the International. Its large population, army, and economy have allowed it to become the right hand of the world revolution in the more agrarian Middle East and Southeast Asia. Bankrolling rebellions across the Co Prosperity Sphere, German East Asia, and the Cairo Pact. Still, this position is a bit more tenuous than one might believe. Industrialization had been a challenge, largely resisted by Agrarian Unions, and more (relatively) Conservative voters. Ethnic tensions have flared to the point of violence between Hindus and Muslims. Gandhi's health has been failing for some time, but no clear heir to the metaphorical throne has been decided upon, permitting fringe Totalist and even Nationalist parties to have a chance to take power. They are also largely isolated from their allies, who often suffer from pirates (secretly privateers of the Kriegsmarine) of all things in the Indian Ocean when trade is attempted. The true end of the British Empire is a hotly debated subject among historians, but the general consensus is that what remained of it truly died when Canada's invasion of the then CSA failed, and the Canadian people either rose up in solidarity with their American comrades, or requested armed PSA support to prevent a total revolution. By the time the King fled to Vancouver, the writing was on the wall. The Entente Cordiale was all but dead. What remained was either consumed by revolution (India), couped by authoritarians (South Africa), or incorporated into the Co Prosperity Sphere (Australasia/West Canada). South Africa was quickly couped after the Canadian Fall by Boer Nationalists supported by Germany through Mittelafrika. Though they are resisted by the African National Congress and English Whites, both groups hesitation to work with one another results in not much being accomplished. Apartheid in this timeline is going to be sadly much worse, and much longer. Australasia is the last of the British Dominions left standing. Having gone without a coup, or revolution under what is increasingly a two party state, divided between Labour and Conservatives. The isolated Aussies and Kiwi's initially wanted to take an isolationist approach, being really just "done with the world and its shite", but Syndicalist revolutions in East Asia fueled a Red Scare that drove them into the Co-Prosperity Sphere. Despite its outward appearance of strength and prosperity, Japan's new Empire is built on an increasingly unstable house of cards. Though an outright nationalist coup was prevented, the Army still holds a stranglehold on Diet politics, though that grip is begging to lose its strength. Though Victory has been achieved in China, and the Pacific is their playground, the Southwest of the Middle Kingdom could have been considered a quagmire on a good day before the remaining warlords finally decided that they hate Japan far more than they hate one another, and united their efforts to liberate China. Indochina can only be described as either "on fire" or "a shitshow on fire.", as Viet Cong rebels supported by India and the SRA carry out a bloody Guerrilla war that seems to be without end. While their American allies were initially supportive of Japan's war in China, or at least lukewarm to it, their material and manpower support has dried up as public sentiment towards their allies cooled in the shadow of the very obvious war crimes the IJA was committing. President Marshall has even gone so far as to threaten America pulling out of the Sphere if Japan did not reign in its Army, with Australasia, Argentina, Columbia, and even the nascent Russian Republic joining in. The Diet was caught between a rock and a hard place. In truth, it had lost control of the Army years ago, and any attempt to resist or stop it would only result in a civil war, one the Civilian government could not win. And yet, a loss of all their allies would essentially see their economy collapse harder than most states saw in the Berlin Market Crash. It might as well have been a choice between Civil War, or Civil War. A cabal of Liberals, Social Democrats, and Moderate Conservatives have been organizing a coup along with upper echelons of the IJN to end the deadlock, but the Army will not simply allow their power to be taken from them. All the while, India has been supporting and funding the organisation of leftist groups, prepared to take advantage of the looming chaos. Either way, Civil War seems imminent, and there's no way of telling how it will end beyond the Americans taking the leading role in the alliance, at least while Japan sorts out its problems. https://preview.redd.it/luwerkl71f4b1.png?width=5400&format=png&auto=webp&s=7ac9153572bac377b9d7f1a7ba55189921f740d1 |
2023.06.06 09:33 SnooPredictions5832 Tutorial: How to have fun with Greece and the East Roman Republic
![]() | So a lot of posts keep appearing in my feed (damn you algorithms, for showing me what I want!!) that Greece is not the hot potato, compared to say... Bulgaria. submitted by SnooPredictions5832 to hoi4 [link] [comments] And while I won't get into arguments about which focus tree is objectively better, I much prefer to play Greece. In fact, I consider it my favorite country in the whole game. Why? Because its big enough to have its owns unique buffs and flavors, but small enough that you can get through ALL the good stuff well before Germany kicks things off. Compare that to Bulgaria's massive, powerful, but ultimately bloated focus tree. There is some great stuff in there, but good luck getting to it before The Big One gets rolling. You'd be lucky to grab one eco focus before jumping back to the political side. Whereas in Greece, and this post, I'm going to show you how to form Byzantium with an industry relative to Italy by the time Poland refuses Danzig, allowing you multiple paths to get your Triumphs. But as always, lets hit the basics: Opening Moves:
Let's spend some of that by picking this guy: You know, I keep thinking that's Washington's Portrait. LOL. This guy is going to allow you to grab every Greece Achievement (aside from the stupid Hellenic Civility) in one run. But for now, his PP and Stab boost are the most important right now. As for Technology, keep industry up to date, pick up trains, and invest heavily into cheap CAS. Its going to be your best friend by the time your war with Turkey kicks off. You should have engine-2 CAS-36 with double bombs ready for production by the time you've assigned the necessary factories to guns/art/eng. Use the rest of the prep time to upgrade your guns, arty, and to pick up radios. You'll even have time to grab a '36 cruisers with that fourth research slot. A Word about Poor Eleftherios: I wish this bastard had a more consistent death rate. I've had him die as soon as I hit un-pause. I've had him live to see Byzantium Reborn. The point is, you have three choices:
I live for the first, hate the second, but settle for the third. Its up to you and how short your temper is. Moving on... Economical National Focus Path: Now, I know all the big shot YouTubers are all about the "Open Foreign Subsidized Factories," but did you know that those eight factories don't come with extra building slots? Considering how premium real estate is in Eastern Europe, that sucks. So instead, we're going down the proverbial right path to grab 12 OFFMAP Civs. Here's how we're going to do it: I love 9b for naval games, but if its not for you, just pick 9a. Its pretty straightforward. Don't start paying off your debt until you are to able to do so in bulk. The PP cost is the same, but the recharge time is much shorter. If you get extremely lucky, and Eletherios is still alive, you should be debt free when it comes time for the big focus. Autarky is nice too, especially, since we plan to never remove, nor change the Schachtplan. -10% CGs AND 15% CIV speed for a small malus to trade and eco laws? Shut up and take my Resources! By the time you have "Expanded Our Tobacco Industry," we should have enough CIVs to start making an intel agency. Get the Departments that increase our Civ Intelligence so that we can spy on Turkey. Its critical that we know when they are about to take "Abuse the Office of Soil Products." This is also a good time to grab your Naval Flexible Contracts so that you can get the "Royal Hellenic Naval Shipyard on the cheap. Spend your remaining Naval XP to create a good '36 destroyer. I also know that the big shots love to "Mobilize the Economy," but since we're finishing out the eco tree first, we don't have the War Support or the PP to get a War Economy going so early. Besides, That tourism gives some juicy boosts that you get to enjoy for the next year or so: Keep an eye on that CG Factories Number, its going to become important later. Alright, assuming Eleftherios is still in charge, you've paid off your debt, and are ready to become "The Bedrock of Balkan Financial Stability." Start improving with nations until you have the following approval:
I added 15 for padding due to the ticking removal, because the last thing you want to do is spend another 10 PP to start improving again. Once you have positive PP gain, go ahead and Crush the Monarchists for the War Support. Eleftherios isn't looking so well. When its all said and done: That's embarrasing... And its only going to get better once we "Rejuvenate Athens" and Crack down on those monopolies. Its at this point that I like to "Improve Worker Conditions" to avoid Strikes when we go to war with Turkey, though its up to you. You may not be able to if Eleftherios is gone, but if he's still here, go ahead and eat the industry hit. Because once we get down to the bottom, here's what we get to play with: Honestly, this is my favorite Industrial Concern. Soo many goodies here. So, its August of 1937. Ready to see the fruits of your labor? This is what is all been building to... Told you Tourism is Underrated... Now that's what I call seed money. Who needs Consumer goods when you've got Tourism and a revanchist population? In freaking 37' on Partial Mobilization??!!!! As a democracy??!!! Would you believe me if I told you that you're going to fill in every one of your build slots with time to spare? Don't believe me? Keep following along. Military Industry Order: So, while you build factories, here's where you are going to put them: Transports are just a placeholder. I'm still researching my CAS. Thanks to Limited Exports, the Schachtplan doesn't hurt too much, but eventually, you will need to trade for steel and rubber, and aluminum. Alright, while this works in the background, here's the next set of focuses you need to grab: Yup, you still have time, unlike a certain other neighbor... These focuses will provide you with Army XP to get Relief of Command, meaning you can hire Niklolaos Plastiras for 100 PP instead of 200 PP, plus an extra 25% army xp buff, Navy XP for playing around with the Navy some more if you like, and Air XP to build your CAS planes. The Hellenic Navy also gives three dockyards, which while useful on its own keeping away Turk naval invasions, will put you that much closer to getting 6 MORE Offmap Civ Factories from the UK, all the while not hurting your CG count since you decided to fix your industry first. Now, and only now, are you ready to Bring Back the Exiled Republicans and get the Second Greek War of Unification going. Its a straight shot down to Horror and Fear, but you'll pick up some nice batches of PP as you go along. I got lucky in this playthrough, since Eleftherios is still around, but if you are stuck with Themostikles, you should still have enough PP for the following:
But there's still a little bit of house cleaning we need to take care of. Between "Venerate the Ancient Hellenes" and "The Anotolian Refugees," your MILS should be completed, leaving your country without any more build slots. Has that ever happened before? You can build Infrastructure to get more resources, or airfields in Thrace to get more CAS Cover, but here's the most important buildings: If you want to fight in Thrace, you need to build those depots. These depots will allow you to fight the Turk Army man to man, without any of those silly naval invasions that get convoy raided to death. Build your rail to level three if you have the time, but its imperative to get those depots going. Don't forget your one-time use of the 300% depot build speed. Now, let's organize who's going to be fighting on said front. Here's what your Mountaineers should look like: Missing a Mountaineer is okay. They have extra org to make up for it. These will be great when you break into Anatolia. A Good left fist. Here's what your Tagmata Shocktroopers should look like: Standard 9/4 Hammer to break the Bosporus Just save as your Mainstay Infantry Div and add on the arty. A Good right fist. Here's what your Cavalry (wait what?) should look like: Bet you didn't see this coming, huh? These will be the fast little bastards that play the encirclement game with the poor AI. And the arty will give them enough teeth to play dirty. Just be sure you assign them low priority so that your shock troops and mainstay Divs receive replenishment first. And to help out your boys, here's what's going to be flying over their heads: Since Turkey's Army Air Force sucks, this will be just fine. Let's put it all together for the following breakdown:
While the Heraklion Convention is on its way to failure, pull up Turkey's Focus. If you've done everything right, its early January 1939, and Turkey is starting to "Reconfigure Turkish Foreign Policy." And when the Heraklion Convention fails, you'll get refunded 10 days of focus time. As soon as Turkey's focus has between 26-59 days left, take "Horror and Fear" and enjoy as Turkey has no one guaranteeing them! During that 60-day period, grab State Serves the Military, Extensive Conscription, War Economy, and Befriend the Communists (if Eleftherios is still kicking), once the coup occurs, and arrange your forces like so: Note that we will defend the Aegan islands. Its a small force, but its more than enough to win the day. Four of your mainstay divs will hold a significant amount of the Turk army in Anatolia, while you practice the good old Thrace cheese maneuver that Paradox tried to kill with the new supply system, supported by your CAS raining fire down from above. The good old days are back, baby!!!! Side-note: If you want to do the Bittersteel/Hatlessspider method, this will still work, just use your barely existent industry to build a port instead of a depot on the border for the needed supply, and remove one div from each of the islands for the mainland campaign. This will avoid the messy need for naval invasions. A Splendid Little War Once the focus is completed, slow it down to 3-Speed, you don't want to make a mistake or miss encirclement of opportunities. First, let the AI lose their entrenchment trying to force your lines. As soon they fail, hit makeshift bridges and counter attack, using your Mainstays and Cavalry to pin the flanks. You want to aim for this: I love it when a plan comes together. With a kill/death ratio like so: Damnn... Now, you can take the fight to Anatolia with your superior industry and divisions, or you can cheese the port encirclement and Constantinople encirclement like in the old days. Since I love efficiency, I always go for the cheese. Once you feel confident, you can take the war to Anatolia. Use your shock troops to break their lines, rush cavalry to force encirclements, and let your CAS work in the background. The war should last less than 140 days. Here's the score card on the eve of victory: A Splendid Little War. And here's what we've all been waiting for: I freakin' love that color, but how about we fix that name... Now how's Italy doing? They may have more MILs, but guess who has 0% CGs for the remainder of the game? The Future: Here's where I leave you, in Jun 1939. Its 2 seconds to midnight, and the world will change depending on your actions. Do you supplant Italy as Germany's secondary partner, driving the Allies out of Africa, and then ultimately, to London itself? Do you go back to the "historical," let the Italians declare war on you, and fight a bloody, but much more successful war in the Balkans, hoping for table scraps from the useless Allies? Or do you think big? Do you take that NAP with Italy and use the next two years to build up your economy and forces? Do you play footsie with the UK to grab 6 Offsite CIVs? You already have 6+ dockyards? Do you rush 40's fighters so you can fly "The Double Headed Aquila" with '44 fighters in '41-'42? And ultimately, do you wait until all of the Balkans (including that annoying, tiny bit of Bessarabia) is being crushed under the weight of the Germans and friends, begging for a savior, and being ignored by a UK more interested in dying in Africa? Do you, great Caesar, restore the Balkan themes by yourself? Constantly rejecting military access faction invites to the Allies and Soviets as you march to restore the occupied territory under the true Roman Banner? But why stop at the Balkans? Can you truly be the Roman Empire without the Eternal City? Some of those locals don't think so, hence why if you land on their shores first, you'll gain their allegiance, and the path to restoring the heart of the empire is open. But such ambitions require careful planning. You can't dally too long. The British are looming, wearing away the Regia Marina until the coasts are clear for intercession, and the Soviets will use any dastardly attempt to divert the Germans from the Motherland, even attempting an annoying naval invasion into Bulgaria. So you have to get there first. Get the max naval invasion tech, take Tip of the Spear, research the best marines, establish complete Air Dominance over the Balkans, and send in the naval hoards. Start with Bessarabia. The Soviets forfeited their rights the moment they retreated. Bessarabia deserves a government who won't enforce No Step Back. Now comes the tricky part, my Caesar. The Adriatic is full of ports practically begging for Allies landings. You must strike first. Hit the Italian peninsula, rally the Italian yoke to their false king, push north to the Eternal City and into the North, but do not cap them, for the beleaguered partisans of Yugoslavia will rise up and throw a sticky mess into your plans. Instead, hold at Emilia Romagna, then send off the marines to the opposite end of the Adriatic. Rush the foolish AI where they least expect it. Take the ports, and cut off any attempt for the freedom loving Allies to reestablish the amalgamation that WAS Yugoslavia, and you'll have done it. The path for a Triumph of the Balkans is open. Now you must only push until the frontiers are secured. And victory will be yours, for quite little World Tension in the peace deal, I might add... But whatever choice you make, my Caesar, please don't forget to do this: How can you be the Byzantium Empire without the proper names? Thanks for reading, and here's hoping u/Bitt3rSteel gives the Right Side of the Eco tree some love when he makes it to the "K"s (wait, what?) in his A-Z playthrough... Snoo, signing off. |
2023.06.06 07:43 Herrowgayboi What are your favorite places to travel within the US? Would love recommendations.
2023.06.06 06:11 autotldr In Congo’s forests, Islamic State money makes an insurgency more lethal
KAMPALA, Uganda - An insurgent group founded in Uganda but now based in eastern Democratic Republic of Congo has grown increasingly deadly after receiving money from the Islamic State, according to defectors and researchers tracking the group.
Last year, the U.S. Treasury Department imposed sanctions on four individuals in South Africa for transferring money on behalf of the Islamic State, including to armed groups in Congo and Mozambique.
The report on the group's finances, published by Bridgeway and George Washington University, and provided exclusively to The Post before its public release, sheds light on the evolution of Islamic State regional affiliates since the group lost its territory in Iraq and Syria.
Killing of top ISIS militant casts spotlight on group's broad reach in Africa The Post confirmed several details of the Bridgeway report with a senior Somali intelligence official who had knowledge of the 2021 conviction of a Somali financier who funneled $400,0000 to the Islamic State.
In 2017, the same year Islamic State financier Waleed Zein in Kenya, who would come under U.S. sanction, sent the first documented cash transfer to the ADF, Muhamood appeared in a video calling for recruits to the Islamic State.
In 2019, Islamic State central claimed its first attack on behalf of the group, and Baluku appeared in a video reaffirming the previously unpublicized alliance.
2023.06.06 05:46 HaykakanTxa Daily News Report: 6/5/2023
2023.06.06 05:28 definitelynotpoopin School List Feedback
2023.06.06 04:57 MaIorbas Defending the Draft 2023: Los Angeles Chargers
2023.06.06 04:55 CozyLemonadeYT [Mega Thread] 2023 Virtual College Baseball Invitational: VCBI Preview