Rocket Lab launch start-up to go public in SPAC deal with Vector

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Rocket Lab launch startup to go public in SPAC deal with Vector

The Long Beach company has specialized in delivering small satellites to low-Earth orbit and in November recovered a rocket used to launch satellites, replicating an approach used by Elon Musk’s Space Exploration Technologies Corp., known as SpaceX.

The Vector Acquisition deal follows a string of transactions involving special-purpose acquisition companies, or SPACs, that raise money through initial public offerings and then hunt for businesses to acquire. More than 200 blank-check companies raised over $80 billion last year, data compiled by Bloomberg show.

 

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