Investing

VC Khosla $28 million Rocket Lab investment worth $1.7 billion

0


The company rings the Nasdaq bell from its headquarters on Aug. 25, 2021.

Rocket Lab

Khosla Ventures, the Silicon Valley venture capital firm founded by Indian-American billionaire Vinod Khosla, made multiple early bets on Rocket Lab that are paying off enormously now that the space company is public.

The VC firm invested $28.2 million across several Rocket Lab funding rounds between 2013 and 2020, according to a disclosure with the Securities and Exchange Commission, and Khosla now holds just over 115 million shares of Rocket Lab’s common stock.

At Rocket Lab’s closing price of $14.50 a share on Tuesday, the Khosla stake is worth $1.67 billion.

Rocket Lab’s stock is up more than 40% since…



Source cnbc.com

0 0 votes
Article Rating

Genius Sports (GENI) earnings Q2 2021

Previous article

Carlyle CEO Kewsong Lee on what’s driving the stock’s run and creating a modern private equity firm

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing