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Rocket Lab has successfully completed its merger with Vector Acquisition Corporation, with trading set to commence on Nasdaq under the ticker 'RKLB' from August 25, 2021. The merger raised gross proceeds of approximately
Rocket Lab has announced the start of final mission design and manufacturing for two interplanetary Photon spacecraft as part of the ESCAPADE mission to Mars. This initiative aims to conduct Decadal-class science at a significantly reduced cost compared to traditional planetary missions. The ESCAPADE mission, part of NASA's SIMPLEX program, is led by UC Berkeley's Robert Lillis and is confirmed for implementation ahead of its 2024 launch. By utilizing Rocket Lab's advanced satellite technology, the mission seeks to enhance solar storm prediction and support future crewed exploration.
Vector Acquisition Corporation (NASDAQ: VACQ) announced shareholder approval for its merger with Rocket Lab USA, Inc. during its annual meeting on August 20, 2021. This merger is set to close on August 25, 2021, bringing the combined company approximately $777 million in cash from its trust account and PIPE financing. The new entity will trade under the ticker symbols “RKLB” and “RKLBW”. Rocket Lab aims to leverage this merger to enhance its capabilities in the growing space launch market.
Rocket Lab has signed a rideshare agreement with Alba Orbital to launch a cluster of four Pico-satellites on its Electron launch vehicle from New Zealand's Mahia Peninsula in Q4 2021. The satellites include Unicorn-2, which will provide night-time imaging to monitor global light pollution. This mission aims to demonstrate advanced technologies for Earth observation. Rocket Lab's commitment to affordable space access aligns with Alba's goal of democratizing access to space, enhancing its capabilities in providing satellite services.
Rocket Lab USA plans to unveil its Q2 2021 financial results on September 8, 2021, after U.S. market close, followed by a conference call at 1:30 p.m. PT. The merger with Vector Acquisition Corporation (VACQ) is expected to complete in Q3 2021, pending shareholder approval on August 20, 2021. Post-merger, the company will trade under new ticker symbols, RKLB and RKLBW. The firm is also participating in upcoming conferences, underlining its position as a leading space systems provider.
Rocket Lab has announced plans to launch the AuroraSat-1 satellite for Aurora Propulsion Technologies to test technologies aimed at improving space debris removal. The launch will take place from New Zealand in Q4 2021, utilizing Electron for efficient payload delivery. AuroraSat-1 will validate water-based propellants and innovative deorbiting methods through deployable Plasma Brakes. This collaboration marks a pivotal growth phase for Aurora, ensuring quick access to space to align with their technological development timeline.
Rocket Lab has signed a deal with Varda Space Industries to produce three Photon spacecraft for in-space manufacturing. These spacecraft will enable the production of high-value products, including fiber optic cables and pharmaceuticals, in zero-gravity, significantly enhancing manufacturing capabilities. The first Photon is scheduled for delivery in Q1 2023, with subsequent spacecraft to follow. This collaboration marks a significant step towards scalable in-space manufacturing, addressing previous cost barriers while supporting Varda's mission of delivering valuable materials to Earth.
Rocket Lab has announced its upcoming 'Love At First Insight' mission, part of a rapid launch schedule for BlackSky, set to take place in late August from New Zealand. This mission marks Rocket Lab's 22nd Electron launch and the first of three missions for BlackSky designed to deploy its next-generation satellites. The rapid launch campaign aims to enhance BlackSky’s constellation for real-time geospatial intelligence. The mission will contribute to Rocket Lab's total of 107 launched satellites, supporting various sectors, including defense and scientific research.
Vector Acquisition Corporation (Nasdaq: VACQ) has scheduled its Annual Meeting on August 20, 2021, to vote on the business combination with Rocket Lab USA, a leader in space systems. Shareholders of record as of June 30, 2021, are eligible to vote. The SEC has declared effective its registration statement, which includes a proxy statement for the meeting. The combined entity will trade under the ticker symbols ‘RKLB’ and ‘RKLBW’. This merger marks a significant milestone for Rocket Lab, known for its reliability in launching over 100 satellites and gaining contracts for upcoming missions to the Moon and Mars.
Rocket Lab has appointed Merline Saintil and Jon A. Olson to its Board of Directors as it prepares for a merger with Vector Acquisition Corporation (NASDAQ: VACQ). Saintil, serving as Lead Independent Director, brings over 20 years of technology leadership experience from companies like Intuit and PayPal. Olson, with over 40 years in the semiconductor industry, will chair the Audit Committee. These appointments come as Rocket Lab expands its launch vehicle and space systems, including the introduction of its Neutron rocket, aimed at enhancing capabilities for satellite launches and deep space missions.
