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Rocket Lab begins trading on Nasdaq as RKLB after SPAC merger

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The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time.

Rocket Lab

Rocket Lab began trading on the Nasdaq on Wednesday, becoming the latest space company to close a SPAC merger and go public — and adding substantially to its cash pile in the process.

“We’re super excited to bring a high-quality space asset to the market,” Rocket Lab CEO Peter Beck told CNBC.

The company merged with special purpose acquisition company Vector Acquisition, which valued Rocket Lab at $4.8 billion in equity. The deal, and the $777 million in gross proceeds from it, will help the company grow its core small rocket business, further expand its…



Source cnbc.com

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