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Startup Rocket Lab To Go Public In Spac Deal With Vector

by finance.yahoo.com posted 1month ago 19 views
(Bloomberg) -- Space-launch company Rocket Lab USA Inc. agreed to merge with Vector Acquisition Corp., becoming the latest startup to go public through a so-called blank-check company. The combination values Rocket Lab at $4.1 billion including debt, according to a statement Monday. The combined company will have about $750 million in cash. The funding will help Rocket Lab develop a launch vehicle that can reach megaconstellations, go to deep space and serve human space missions.

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