Rocket Lab raises an additional $140 million
Capitalism in space: Rocket Lab has raised an additional $140 million in investment capital following its successful first operational launch last week.
The company announced Nov. 15 that it closed a Series E funding round, led by existing investor Future Fund, an Australian sovereign wealth fund. Several other existing investors also joined the round, including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1. One new investor, Accident Compensation Corporation of New Zealand, joined the round.
The Series E round comes after the company raised $75 million in a Series D round in March 2017. The company has now raised more than $288 million to date. Rocket Lab did not disclose the valuation of the latest round, but said it exceeded the “$1-billion-plus” valuation from its Series D round.
In the race to grab the smallsat market, Rocket Lab is far ahead of its nearest competitors, Virgin Orbit and Vector. If I had to rank them at this moment, I would say that Virgin Orbit is second with Vector third.
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Capitalism in space: Rocket Lab has raised an additional $140 million in investment capital following its successful first operational launch last week.
The company announced Nov. 15 that it closed a Series E funding round, led by existing investor Future Fund, an Australian sovereign wealth fund. Several other existing investors also joined the round, including Greenspring Associates, Khosla Ventures, Bessemer Venture Partners, DCVC (Data Collective), Promus Ventures and K1W1. One new investor, Accident Compensation Corporation of New Zealand, joined the round.
The Series E round comes after the company raised $75 million in a Series D round in March 2017. The company has now raised more than $288 million to date. Rocket Lab did not disclose the valuation of the latest round, but said it exceeded the “$1-billion-plus” valuation from its Series D round.
In the race to grab the smallsat market, Rocket Lab is far ahead of its nearest competitors, Virgin Orbit and Vector. If I had to rank them at this moment, I would say that Virgin Orbit is second with Vector third.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
The investment by ACC is a bit incongruous with what they’re supposed to be about, in NZ we have a strange system with the state owned entity ACC having a legislated monopoly on accident insurance, they’re an inefficient bunch of layabouts that are always pleading poverty and calling for higher ACC premiums (collected through Inland Revenue), suddenly they’ve got tens of millions to invest in a rocket company.
Given the incompetence of government departments to pick winners, Rocket Lab suddenly looks like not such a good investment. ;-)
Even a blind squirrel finds a nut now and then.