Another Space IPO Is Coming: Rocket Lab

While there are many companies trying to break into the small-rocket game -- including Virgin Orbit, Relativity Space, and even Astra, which is coming public with help from Holicity (NASDAQ: HOL) -- Rocket Lab is the only one with a record of putting rockets into orbit consistently, with more than a dozen successful launches already. Sunday evening, The Wall Street Journal reported that special purpose acquisition company (SPAC) Vector Acquisition (NASDAQ: VACQ), which was formed just three months ago, is nearing a deal to bring Rocket Lab public in a SPAC-sponsored IPO valued at $4.1 billion, including assumed debt.