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SPAC deal a ‘supercharger’ for growth

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CEO Peter Beck stands at the base of the fairing, or nosecone, of the Neutron rocket the company is developing.

Rocket Lab

Rocket Lab is going public in the next few months through a SPAC merger and CEO Peter Beck spoke to CNBC to break down the space company’s opportunities thanks to the deal’s cash pile.

“This is just like a supercharger – we have all the things we need now to go and do the things that we’ve dreamed of,” Beck said.

The company is merging with Vector Acquisition in a deal that gives Rocket Lab a $4.1 billion enterprise value, with the move expected to be complete in the second quarter.

Rocket Lab is the leader in the small launch marketplace, with its Electron rocket…



Source cnbc.com

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