Vector Acquisition Corporation

Vector Acquisition Corporation is a blank-check company (SPAC) that raised $300M in its initial public offering on Sep 28, 2020, listing on Nasdaq Capital Market. It completed its business combination with Rocket Lab USA, Inc. on Aug 25, 2021; the combined company is Rocket Lab USA, Inc. (RKLB). Deutsche Bank led the IPO, with BofA Securities. Kirkland & Ellis advised the SPAC and Ropes & Gray advised the underwriters on the IPO.

Rocket Lab USA, founded in 2006, provides end-to-end mission services giving frequent and reliable access to space for civil, defense and commercial markets. It operates two launch sites, one in New Zealand and one in Virginia, USA.

Status

Merger completed

IPO date

Sep 28, 2020

IPO size

$300M

IPO exchange

Nasdaq Capital Market

Target

Rocket Lab USA, Inc.

Announced

Mar 1, 2021

Closed

Aug 25, 2021

Combined company

Rocket Lab USA, Inc. (RKLB)

IPO underwriters

Deutsche Bank and BofA Securities

SPAC counsel (IPO)

Kirkland & Ellis and Walkers

Underwriters' counsel (IPO)

Ropes & Gray