Beam me up, Scotty: Rakon plans to focus on the space market

Beam me up, Scotty: Rakon plans to focus on the space market
Rakon CEO Dr Sinan Altug wants to do more business with Rocket Lab. (Image: Rakon)
Ella Somers
Tech company Rakon might be aiming for the stars, but its vexed shareholders want to bring the company back to earth.At the firm’s annual meeting on Wednesday, Rakon’s board was peppered with shareholder questions ranging from concern about audit fees to how business was growing internationally.Chair Lorraine Witten told shareholders there was “no doubt” the company had a challenging year ahead.Rakon designs and manufactures high-precision components and devices that generate and control frequencies. Industries...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024