Rocket Lab went public via a SPAC merger with Vector Capital-backed Vector Acquisition in a $4.1bn deal.

Rocket Lab, a private American aerospace manufacturer and small satellite launch service provider, went public via a SPAC merger with Vector Capital-backed Vector Acquisition in a $4.1bn deal. Group of top-tier institutional investors have committed to participate in the transaction through a significantly oversubscribed PIPE of approximately $470m, with 39 total investors including Vector Capital, BlackRock and Neuberger Berman “Rocket Lab has created a sustainable, affordable and innovative path to space, a feat once considered nearly impossible. We look forward to further supporting the Company, which is poised to lead the fast-growing space launch, systems and applications markets. This is an important milestone for Vector and Rocket Lab, and we are grateful for our shareholders’ overwhelming support as Rocket Lab continues its journey to becoming a public company," Alex Slusky, Vector CEO. On August 20, 2021, Vector Acquisition approves its $4.1bn merger with Rocket Lab.