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Rocket Lab going public via SPAC with Neutron rocket expansion

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Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets.

Rocket Lab

Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than $4 billion when the deal closes.

The company is combining with Vector Acquisition, a special purpose acquisition company. Rocket Lab will list on the Nasdaq under the ticker RKLB when the deal closes, which is expected in the second quarter.

“This milestone accelerates Rocket Lab’s ability to unlock the full potential of space through our launch and spacecraft platforms and catalyzes our ambition to create a new multi-billion-dollar business vertical…



Source cnbc.com

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