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Why Rocket Lab Stock Fell 15% This Morning

Why Rocket Lab Stock Fell 15% This Morning
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

Vector Acquisition Corporation Shareholders Approve Proposed Merger With Rocket Lab

Vector Acquisition Corporation Shareholders Approve Proposed Merger With Rocket Lab
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Rocket Lab to Launch Finnish Satellite Developing Next-Generation Space Junk Removal Technologies

Rocket Lab to Launch Finnish Satellite Developing Next-Generation Space Junk Removal Technologies
tullahomanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tullahomanews.com Daily Mail and Mail on Sunday newspapers.

Rocket Lab has racked up losses of $290m over past eight years

That was because of what Deloitte described as a “history of recurring losses from operations, negative cashflows from operations and a significant accumulated deficit”. Vector shareholders will vote on August 20 on a proposal to merge with the Kiwi-founded business, turning Rocket Lab into a publicly-listed firm. Vector said in its filing that it expected net losses to continue “for the next several years”. But it said there was a significant market opportunity for Rocket Lab that it intended to capitalise on by continuing to invest aggressively. Although the auditor’s warning may sound ominous, United States technology news website Ars Technica said the losses and warnings were unlikely to cool the appetite of investors in Rocket Lab, noting that the initial public offering would provide Rocket Lab with about US$467m in cash.

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