Readers!
 

Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.


 

Regular readers can support Behind The Black with a contribution via paypal:
 


 

Or with a subscription with regular donations from your Paypal or credit card account:


 

If Paypal doesn't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
 

Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652


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.

Pioneer cover

From the press release: From the moment he is handed a possibility of making the first alien contact, Saunders Maxwell decides he will do it, even if doing so takes him through hell and back.

 
Unfortunately, that is exactly where that journey takes him.

 
The vision that Zimmerman paints of vibrant human colonies on the Moon, Mars, the asteroids, and beyond, indomitably fighting the harsh lifeless environment of space to build new societies, captures perfectly the emerging space race we see today.

 
He also captures in Pioneer the heart of the human spirit, willing to push forward no matter the odds, no matter the cost. It is that spirit that will make the exploration of the heavens possible, forever, into the never-ending future.

 
Available everywhere for $3.99 (before discount) at amazon, Barnes & Noble, all ebook vendors, or direct from the ebook publisher, ebookit. And if you buy it from ebookit you don't support the big tech companies and I get a bigger cut much sooner.

4 comments

  • Rod

    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?

  • Rockribbed1

    Is it going to be acquired by some giant corporation, perhaps one that is behind in the space race. Maybe Lex Luthor

  • Jeff Wright

    When a company goes public, innovation tends to die.

  • I initially read this as them merging with Vector Launch.

Readers: the rules for commenting!

 

No registration is required. I welcome all opinions, even those that strongly criticize my commentary.

 

However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.

 

Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.

Leave a Reply

Your email address will not be published. Required fields are marked *