It’s 3, 2, 1… liftoff! time for Rocket Lab USA, who is about to go public via a merger deal with special-purpose acquisition company Vector Acquisition (VACQ). The IPO will value the small-satellite launch firm at a rather large $4.1b.
Rocket Lab is a well-known space transportation startup that has already launched nearly 100 satellites for the government and private companies. VACQ itself went public last September, raising $300m.
The deal’s proceeds will reportedly be used for some cool-sounding projects, such as the development of a Neutron rocket vehicle meant for satellite mega-constellations, space missions, and commercial spaceflight, according to a WSJ report.