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Rocket Lab to go public and build Neutron, WSJ says

Paris, 1 March 2021. – A multi-unicorn with a new rocket: Rocket Lab is on its way to go public, valuing the launch company at $4.1 billion, the Wall Street Journal reports.

Rocket Lab is nearing an agreement to go public by merging with a special-purpose acquisition company, a so-called SPAC, the newspaper said.

The space transportation startup “is in talks with Vector Acquisition Corp. about a deal that would value the U.S.-New Zealand startup at around $4.1 billion including debt, according to people familiar with the matter”. The transaction could be finalized as early as today.

Rocket Lab’s deal with Vector is expected to include additional funds of about $470 million from investors including BlackRock and Neuberger Berman, the people familiar with the matter told the Wall Street Journal.

The start-up is expected to use the proceeds to fund the development of a medium-lift vehicle called Neutron, tailored for use in satellite mega-constellations, space missions and commercial spaceflight, the Wall Street Journal quoted its sources.

Neutron “is expected to be able to lift most satellites forecast to launch in the coming years and be positioned as a lower-cost alternative to larger vehicles”.

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Register Today For Our Space Café “33 minutes with Remco Timmermans” On 26 October 2021

This Space Café WebTalk will feature Remco Timmermans, Social Media Specialist for Space, in conversation with Torsten Kriening, publisher of SpaceWatch.Global. Live from the International Astronautical Congress 2021 in Dubai. Remco is an experienced space business professional, with 15+ years of experience in business analysis, process improvement, corporate