Retail investors' $10m bet as Rocket Lab readies to list

Less flashy than Space X, some analysts think Rocket Lab's low-cost offer will be the winner. (Photo: Getty)

Mon, 23 Aug 2021

Kiwis have already invested more than $10 million in the shell company set to take Rocket Lab public on the US share market later this week. The homegrown space launch company is listing on the Nasdaq via a reverse takeover with a special purpose acquisition company (SPAC) called Vector Acquisition Corp. A SPAC is a listed company that exists only to merge with a privately-owned business, giving that business a way to list without having to do a traditional initial public offer. Vector finalised the merger deal with a sharehold...

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