Thesis on One of the Most Undervalued Project on Robinhood

RocketStrategy: $3M mcap

Product

The core idea behind @RKST_xyz is to use token trading fees to buy space on rocket launches in bulk, then resell smaller portions of that space to other companies

From the revenue generated by the business, 80% goes toward token buybacks and burns, while the remaining 20% is reinvested back into the company

But is it actually possible to build a business where the initial capital needed to fund operations comes from token trading fees?

Apparently, yes

For example, a payload slot on a SpaceX rocket currently costs around $350k

And SpaceX is far from the only option, there are also companies like Blue Origin, Rocket Lab, Exos Aerospace, and others

We still don't know which company RocketStrategy signed its first deal with. According to the team's plan, the first deal was made with a smaller US-based company in order to prove the business model and publish a real profitability report

For the second or third launch, the team plans to purchase capacity on a SpaceX rocket

Team + Support

Before RocketStrategy, the team spent a significant amount of time building a derivatives exchange on Berachain

Eventually, the product was shut down, most likely due to a lack of traction. Importantly, however, they never launched a token for it

Since launching RocketStrategy, they've also been doing a pretty good job on X, gradually releasing more details about the project

@0xBobdbldr has been buying tokens on Fomo, the team has already burned a few percent of the total supply, and from what I understand, Bob is also actively reaching out to and shilling RKST to various smarts and KOLs in dms, @AvgJoesCrypto being one example

That's something I actually really like

They've also handled the community side well. There was quite a lot of FUD after the first article because it left a lot of unanswered questions, but the team has been consistently addressing concerns and seems genuinely open to feedback

On top of that, a lot of smarts started supporting the team almost immediately after launch, which is another strong signal that the team is legit:

Rysk Finance Founder

Jordi from Royco

Smokey from Berachain

SigmaSquared

And there are many others who have rted their announcements or supported them in the comments

Bob is also followed by the co-founder of @Starcloud_ and @FermiExplorer

Starcloud is building data centers in space, while FermiExplorer is developing a spacecraft that aims to eventually travel toward Alpha Centaur

My thoughts

I think the main reason some people fudded it is because they just don't believe this is a viable business model and they don't fully believe that the team will actually end up participating in real rocket and satellite launches

The idea sounds too futuristic, too unusual, and unlike anything we've really seen before in crypto

But that's also exactly what makes it interesting

The more unusual the idea, the easier it is to attract attention and, more importantly, keep that attention over time

I, along with many others, am already fairly convinced that the team itself is legit

So at this point, what we're really waiting for are the first hard proofs: payload capacity purchases, launch participation, signed agreements, revenue reports, and so on

And beyond the tokenized business model itself, there's another angle that I think is extremely important:

CT loves when a major company or founder gives even the slightest attention to a project (follow/comment/rt)

RocketStrategy is positioned extremely well for that

As the business develops and the team starts participating in more launches, there's a real possibility that RocketStrategy gets mentioned or acknowledged by the companies actually building the rockets and selling them payload capacity

That's why I mentioned PhilipJohnston from Starcloud following Bob

And if the team really does end up purchasing a slot on a SpaceX rocket, then you suddenly have the possibility of some form of interaction between Elon Musk and the project in the future

So, in the end, we have:

-Unique and futuristic product = strong attention retention

- Legit team that has already spent years building other products in web3

- Support from smarts

- Potential recognition from major players in the space industry, including Elon Musk

- $3m mcap

🔍 Curated by @RickCrosschain
✍️ Original thesis by @miguelrare
🔗 https://x.com/miguelrare/status/2097685218337374625