Rocket Lab is an end-to-end space company and launch service provider, specializing in small satellite launches with its Electron rocket, which has launched 63 times as of April 2025. They are also developing the larger Neutron rocket for constellation deployment. Rocket Lab provides complete space solutions including satellite design and manufacture, spacecraft components, and on-orbit management, serving commercial, civil, and defense markets, with major partners including NASA and the US Space Force. Key products include the Electron and Neutron rockets, Photon satellite bus, and various satellite components.
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Rocket Lab acquired Sinclair Interplanetary, a manufacturer of smallsat components, in 2020.
Rocket Lab has raised nearly $300,000,000 in venture capital prior to going public.
Rocket Lab expects to break even on EBITDA in 2023 and to reach $505,000,000 in EBITDA in 2027.
The Neutron vehicle will leverage infrastructure Rocket Lab built at Launch Complex 2 at Wallops Island that was used for the Electron rocket.
Rocket Lab is developing a smallsat bus called Photon that is designed to be launched with the Electron rocket.
Rocket Lab will merge with Vector Acquisition Corporation, a special-purpose acquisition company (SPAC) established by Vector Capital.
Rocket Lab projects that Neutron will be able to lift more than 90% of all satellites forecast to launch through 2029.
The merger will provide Rocket Lab with up to $320,000,000 from Vector Acquisition Corporation’s account.
Rocket Lab estimates the space applications market comprises approximately $320,000,000,000 of the current $350+ billion total addressable market in the space industry.
Rocket Lab announced the merger with Vector Acquisition Corporation on 2021-03-01.
Rocket Lab operates an established space systems business that develops satellite and spacecraft solutions for missions ranging from LEO constellations to deep space and interplanetary missions.
Rocket Lab had previously raised $288,000,000 in several funding rounds, including a $140,000,000 Series E round in November 2018 that valued the company at more than $1,000,000,000.
The $4,100,000,000 implied pro forma enterprise value represents 5.4 times Rocket Lab’s projected 2025 revenue of approximately $750,000,000.
Rocket Lab launched the first Photon satellite in August 2020 and will launch the second Photon on the next Electron launch in mid-March 2021.
A concurrent private investment in public equity (PIPE) round led by Vector Capital, BlackRock, and Neuberger Berman will provide $470,000,000 to Rocket Lab as part of the merger.
Rocket Lab has SPAC-fueled plans dated 2021-03-01 to go public and intends to use proceeds to develop a larger launch vehicle called Neutron.
In 2021, Rocket Lab will use Electron and Photon to launch a satellite to lunar orbit for NASA as a precursor for the Gateway lunar-orbiting outpost that is part of NASA’s Artemis program.
Rocket Lab USA, Inc. and Vector Acquisition Corporation (Nasdaq: VACQ) entered into a definitive merger agreement on 2021-03-01 to take Rocket Lab public.
Rocket Lab’s Electron small launch vehicle has launched 18 times since 2017.
The transaction reflects an implied pro forma enterprise value of $4,100,000,000 for Rocket Lab.