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Rocket Lab announced on 2021-03-01 that it would merge with Vector Acquisition Corporation, a SPAC established by Vector Capital.
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.
The approximately $470,000,000 PIPE is led by Vector Capital, BlackRock, and Neuberger Berman among other institutional investors.
Rocket Lab will merge with Vector Acquisition Corporation, a special-purpose acquisition company (SPAC) established by Vector Capital.