Rocket Lab is on the verge of listing on the NASDAQ. Photo / Trevor MahlmannSpace flight firm Rocket Lab is on the verge of listing on the NASDAQ in a deal that values the New Zealand-US startup at $5.7 billion. Rocket Lab is one of a cluster of spaceflight operators jostling for global market share in the smaller-launch market, where the focus is on achieving reliable delivery of small cargoes to lower earth orbits. ACC and Tindall's K1W1's fund bought into Rocket Lab in a late 2018 funding round when the company was then valued at just over $1b. Information about shareholdings of Rocket Lab's California-based parent, Rocket Lab USA, Inc, are not publicly available.

Source: New Zealand Herald March 01, 2021 02:03 UTC