The funding will help Rocket Lab develop a launch vehicle that can deploy satellite mega-constellations, go to deep space and serve human space missions.
Rocket Lab Merges With Vector SPAC to Become Publicly Traded themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Rocket Lab nears merger deal with a SPAC to go public: WSJ reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Rocket Lab unveils bigger rocket and plans to go public via SPAC
Rocket Lab joins a wave of SPAC mergers, as the launch firm is valued at $4.1 billion
Share this story
Photo by Phil Walter / Getty Images
Small launch firm Rocket Lab announced plans on Monday to go public through a merger with a special purpose acquisition company, or SPAC, marking the latest deal in an industry where SPAC mergers are becoming increasingly common. The firm also unveiled a new rocket called Neutron that its chief executive said will be capable of launching humans.
The SPAC deal values Long Beach, California-based Rocket Lab at $4.1 billion and is expected to close in the second quarter of 2021. Once the merger is done, Vector Acquisition Corporation, the SPAC Rocket Lab is merging with, will change its name to Rocket Lab USA, Inc, and the Nasdaq ticker symbol will be RKLB.
Rocket Lab tipped for $6b moonshot onto Nasdaq nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.