Tom Pullar-Strecker16:32, Jun 28 2021
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Rocket Lab founder and chief executive Peter Beck in the company s Auckland production complex.
Peter Beck will retain at least a 12.2 per cent stake in Rocket Lab worth about US$545 million (NZ$771m) when the company he founded lists on the Nadsaq exchange in the next few months. Rocket Lab is due to list on the exchange through a reverse auction by shell company Vector Acquisition Corporation before the end of September, with a value of about US$4.5 billion. Khosla Ventures, a Californian venture capital company owned by Sun Microsystems co-founder Vinod Khosla, will be the biggest shareholder with at least a 25.8 per cent stake.
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Peter Beck | Benzinga
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.