I think college student teams strike a combo of time, talent and resource that would be surprisingly hard to come by in the larger “civilian world.” In college, you have a bunch of freshly educated, similarly minded people in one place with a whole bunch of free time to put towards one project, highly motivated because it’s both an extracurricular escape and a career prep achievement. And these teams are often financially supported by their school departments or fundraisers. If you fail, there are little if any consequences on your life. All these motivators improve the likelihood of making something truly impressive.
Sure, we can make an arrangement like this out of college. Call up your ex-rocket club teammates, who have all now graduated and making banks at rocket startups. Spend the Thanksgiving week grinding out the CAD, code and circuit boards then test everything out in a desert. But projects like this are a huge time investment and with work and family in the way, they can often be very difficult to coordinate and pull off.
Even if your rocket does end up shooting off and breaking a record, does it truly “beat them”? I find it a bit hard to compare a team of similarly educated college students to a group of adults, usually with relevant professional backgrounds. Maybe the closest we can get are YouTuber collabs. Sometimes I miss my days spent on my college team; it’s pretty hard for me to get an exciting, rewarding, comradely and occasionally traumatizing experience like that ever again.