Rocket Lab becomes third rocket company to go public
Capitalism in space: On August 25, 2021 Rocket Lab became the third rocket company to go public, following Virgin Galactic and Astra to sign a merger deal with a special-purpose acquisition company (SPAC).
Nasdaq celebrated the milestone, inviting Rocket Lab founder and CEO Peter Beck to ring the market’s opening bell Wednesday morning.
The SPAC merger, with a San Francisco-based company called Vector Acquisition Corporation, provides Rocket Lab with about $777 million. The funds will aid the development of multiple projects, including Rocket Lab’s big, next-generation Neutron rocket, company representatives said.
Nor is this all. Virgin Orbit has also signed a similar deal this wee, and will begin trading stock soon.
All these deals indicate that the investment community is very confident in making big profits in space, and is now willing to commit a lot of cash to that prospect.
The support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
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Capitalism in space: On August 25, 2021 Rocket Lab became the third rocket company to go public, following Virgin Galactic and Astra to sign a merger deal with a special-purpose acquisition company (SPAC).
Nasdaq celebrated the milestone, inviting Rocket Lab founder and CEO Peter Beck to ring the market’s opening bell Wednesday morning.
The SPAC merger, with a San Francisco-based company called Vector Acquisition Corporation, provides Rocket Lab with about $777 million. The funds will aid the development of multiple projects, including Rocket Lab’s big, next-generation Neutron rocket, company representatives said.
Nor is this all. Virgin Orbit has also signed a similar deal this wee, and will begin trading stock soon.
All these deals indicate that the investment community is very confident in making big profits in space, and is now willing to commit a lot of cash to that prospect.
The support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five 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:
5. 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. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
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