Rocket Lab – lift off for the Nasdaq

Rocket Lab – lift off for the Nasdaq
Peter Beck is Rocket Lab's founder, chairman, CEO, president and effectively its chief engineer. (Image: Getty.)
Brian Gaynor
At 3.00am NZ time this morning – Saturday August 21 – Vector Acquisition Corporation shareholders were meeting in San Francisco to approve the acquisition of Peter Beck’s Rocket Lab.If the acquisition proposal has been approved, as expected, Rocket Lab will list on the Nasdaq next week.  This will be another remarkable step in the Rocket Lab story as the Nasdaq listed company will have an initial sharemarket value of around NZ$6.6 billion (US$4.6b) with Rocket Lab representing about NZ$5.4b of this. This will make Ro...

More Markets

NZ sharemarket braces for Trump's 'Liberation Day'
Markets Market Close

NZ sharemarket braces for Trump's 'Liberation Day'

The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.

Westpac Bank’s Eckhold says April cut likely wrong move
Economy

Westpac Bank’s Eckhold says April cut likely wrong move

Economists are widely expecting a 25 bps rate cut next week. 

Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

The simple strategy behind Dairyworks
Primary Sector

The simple strategy behind Dairyworks

Is New Zealand still fixated on the 1kg block of cheese?