Rocket Lab about to go public
Capitalism in space: According to news reports today, the smallsat rocket company Rocket Lab is about to sign a deal that will make it a publicly traded stock in a merger with a venture capital company.
The Wall Street Journal reported today 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.
Vector is a special-purpose acquisition company, a vehicle that recruits investors and lists before pursuing a business to buy. Vector, backed by tech private equity firm Vector Capital, raised $400m on launch in September.
Rocket Lab is one of a cluster of spaceflight operators jostling for global market share in the smaller-launch market, where the focus is on achieving reliable delivery of small cargoes to lower earth orbits. Any listing would catapult Rocket Lab – whose Mahia spaceport has delivered nearly 100 satellites into orbit – into the top rank of New Zealand companies, and represents a huge blow for the local NZX. With a valuation of $5.7b, it would have ranked as one the 10 largest companies on the national exchange.
According to Rocket Lab, it is not a New Zealand company but based in the U.S., despite the bulk of its operations being in New Zealand.
I will not be surprised it Rocket Lab’s stock price quickly rises once available for purchase. Unlike Virgin Galactic, this is a real company with a real product producing real profits. It is also very well placed to garner a healthy share in the emerging launch market of smallsats that is now arriving on the scene. The company is about to initiate launches from its second launchpad at Wallops Island in the U.S., which will also allow it to finally accelerate its launch pace to the promised twice a month pace it has been promising for the last two years.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Capitalism in space: According to news reports today, the smallsat rocket company Rocket Lab is about to sign a deal that will make it a publicly traded stock in a merger with a venture capital company.
The Wall Street Journal reported today 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.
Vector is a special-purpose acquisition company, a vehicle that recruits investors and lists before pursuing a business to buy. Vector, backed by tech private equity firm Vector Capital, raised $400m on launch in September.
Rocket Lab is one of a cluster of spaceflight operators jostling for global market share in the smaller-launch market, where the focus is on achieving reliable delivery of small cargoes to lower earth orbits. Any listing would catapult Rocket Lab – whose Mahia spaceport has delivered nearly 100 satellites into orbit – into the top rank of New Zealand companies, and represents a huge blow for the local NZX. With a valuation of $5.7b, it would have ranked as one the 10 largest companies on the national exchange.
According to Rocket Lab, it is not a New Zealand company but based in the U.S., despite the bulk of its operations being in New Zealand.
I will not be surprised it Rocket Lab’s stock price quickly rises once available for purchase. Unlike Virgin Galactic, this is a real company with a real product producing real profits. It is also very well placed to garner a healthy share in the emerging launch market of smallsats that is now arriving on the scene. The company is about to initiate launches from its second launchpad at Wallops Island in the U.S., which will also allow it to finally accelerate its launch pace to the promised twice a month pace it has been promising for the last two years.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Well, the company started 15 years ago. That’s a long time for the initial investors, however it is a rocket company. But now the exit ramp is in sight. Time for the those guys to cash out and move on. BTW what do you think of Mr. Beck’s youtube show today where he ate part of his hat?
Is it going to be acquired by some giant corporation, perhaps one that is behind in the space race. Maybe Lex Luthor
When a company goes public, innovation tends to die.
I initially read this as them merging with Vector Launch.