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Cathie Wood Extends Hot Streak With Space ETF — Update
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Rocket Lab Successfully Launches 19th Electron, Deploys 100th Satellite – Consumer Electronics Net
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SPACs, or special purpose acquisition companies, allow companies to go public outside the traditional IPO process.
The increase in SPACs and traditional IPOs could be lucrative for the PR industry as target companies, which often don t have their own investors relations division, call on public relations pros to put their business model in the best light.
ICR CEO Tom Ryan said that his firm s annual revenue increased by 20% year-over-year to $106 million in 2020 due to its work on SPACs. One of the best known IPO players, ICR advised on more than 50 SPAC deals in 2020, equivalent to about 20% of the total market.
It s an exciting time : Rocket Lab to go public, list on the NASDAQ
Rocket Lab founder Peter Beck. (Photo / Supplied) It s an exciting time : Rocket Lab to go public, list on the NASDAQ Wed, 3 Mar 2021, 6:53PM
Space flight firm Rocket Lab is on the verge of listing on the NASDAQ in a deal that values the New Zealand-US startup at $5.7 billion.
The Wall Street Journal reported talks between the company and Vector Acquisitions Corp were nearing completion and could be finalised with 24 hours, and was expected to see Rocket Lab raise another $650 million in cash from other private investors.
Rocket Lab founder and chief executive Peter Beck confirmed the news, telling Heather du Plessis-Allan that he is looking forward to changes with the company.
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