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.
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.