2/13/2024 0 Comments Nasdaq rklb![]() Rocket Lab holds a strong position in the launch market next to SpaceX, with the companies currently the two leaders regularly launching privately developed rockets to orbit. The company launches from a private complex on New Zealand's Mahia Peninsula and has built a launchpad at NASA's Wallops flight facility in Virginia for Electron launches. Rocket Lab is the leader in the small-launch marketplace, with its Electron rocket carrying 105 satellites to space since its first orbital launch three years ago. BlackSky, Redwire, Satellogic, and Planet are expected to follow in the coming months.įounded by Beck in New Zealand in 2006, Rocket Lab is headquartered in Long Beach, California, and has more than 500 employees. Rocket builder Astra, satellite broadband focused AST & Science, satellite data service Spire Global, and space delivery specialist Momentus have each begun trading. Rocket Lab is among a trend of space companies going public through SPAC deals, with Virgin Galactic the first of the recent generation, in 2019. ![]() Asked about the stock's debut slide, Beck said he hasn't "really even been watching it" and emphasized that, "at the end of the day, we're in this for the long term." Shares of Rocket Lab declined 9.9% in trading on Wednesday to close at $10.43. really puts us in a position not only to be aggressive in our organic growth but aggressive on our inorganic growth as well," Beck said.Ī SPAC raises money from investors through an initial public offering and then uses the cash to acquire a private company and take it public. ![]() The deal, and the $777 million in gross proceeds from it, will help the company grow its core small rocket business, further expand its spacecraft unit, and build a larger rocket called Neutron to take on Elon Musk's SpaceX. The company merged with special purpose acquisition company Vector Acquisition, which valued Rocket Lab at $4.8 billion in equity. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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