Rocket Lab merger and US listing delayed

Rocket Lab merger and US listing delayed
Rocket Lab's listing takeoff is delayed on launch pad. (Image credit: Rocket Lab)
Henry Burrell
Rocket Lab’s Nasdaq listing has been delayed to the third quarter of the year.The New Zealand-founded US-registered aerospace company announced in March plans to merge with the special purpose acquisition company (SPAC) Vector Acquisition Corporation, with a second quarter US listing under the ticker symbol RKLB.But a May 24 SEC filing by Vector said: “The Rocket Lab business combination is expected to close in the third quarter of 2021, subject to the satisfaction of certain customary closing conditions.”When the merger was a...

More Markets

Spark share collapse leads NZ sharemarket down
Markets Market Close

Spark share collapse leads NZ sharemarket down

The S&P/NZX 50 Index closed down 0.99% or 127.78 points.

Tom Raynel 21 Feb 2025
Spark valuation plummets $1 billion as profit crashes
Markets

Spark valuation plummets $1 billion as profit crashes

Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...

Staff reporters 21 Feb 2025
Genesis weathers a tough winter
Markets

Genesis weathers a tough winter

Genesis took a $59m gas hit, but still made $70m profit.

Ian Llewellyn 21 Feb 2025
Sky TV takes a financial hit
Markets

Sky TV takes a financial hit

Sky Network Television reported a net loss after tax of $1.7 million in what it has been described as a “challenging” and “difficult” six months, with the broadcaster's attention focused on moving its customers to a new satellite because of the ailing Optus D2 satellite.The p...

Staff reporters 21 Feb 2025