Space startup Rocket Labs to take the SPAC route for IPO at $4.1bn valuation
This comes as space startups continue to gain popularity, and the SPAC route becoming massively popular among companies looking to go public. After the merger, Rocket Lab’s current stakeholders, including Khosla Ventures and aerospace company Lockheed Martin, will own nearly 82% of the combined company. RocketLab, founded in 2016 by Beck in New Zealand, currently has its headquarters at Long Beach, California, and has delivered 97 satellites to orbit so far. It plans to launch a satellite to the lunar orbit for NASA this year as a precursor to the Gateway program, a Moon-orbiting outpost for NASA’s lunar mission. It is also planning to make its Electron launch vehicle, which carries small payloads into orbit, partially reusable.