Rocket Lab USA and Vector Acquisition Corporation (VACQ) have announced their participation in a webinar on April 14, 2021, to discuss their proposed merger. The webinar will feature key executives including Peter Beck, CEO of Rocket Lab, and Alex Slusky, CEO of Vector. Rocket Lab is recognized for its innovative space solutions, having launched over 100 satellites since its first orbital launch in January 2018. The merger, initiated on March 1, 2021, aims to bolster Rocket Lab's growth, with plans to trade under the ticker RKLB upon completion.
Rocket Lab USA and Vector Acquisition Corporation are merging in a definitive agreement that will take Rocket Lab public. Expected to close in Q2 2021, this transaction values Rocket Lab at $4.1 billion, with a planned $750 million cash balance post-merger. Rocket Lab is a leader in small satellite launch services, having launched 97 satellites since 2018. Their innovative Electron rocket is the second most frequently launched U.S. rocket. New developments include the Neutron rocket, aimed at expanding capabilities in the growing space applications market.