Hyperdrive
Startup Rocket Lab to Go Public in SPAC Deal With Vector
- Deal values space-launch firm at $4.1 billion including debt
- Startup to launch satellite for NASA moon project this year
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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.