Rocket Lab, the launch company founded by Sir Peter Beck and based mainly in New Zealand, has filed to raise $750 million (€636m) of fresh cash in the form of Common Stock. The move will dilute shareholder value by a modest 3 per cent but take the rocket-builder’s cash at hand to some $1.5 billion. […]
Munich-based Mynaric, which makes satellite laser terminal links, has exited the German version of Chapter 11 (StaRUG). Back in March, Sir Peter Beck’s Rocket Lab announced plans to acquire Mynaric but there’s now a new owner in place. The new owner is JVH-Holding, which had been Mynaric’s main creditor but agreed to waive $105 million […]
Investment bank Cantor Fitzgerald, in a report on New Zealand and Long Beach-based Rocket Lab, has raised its price target from $29 to $35. Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on the NASDAQ index and keeps an Overweight rating on the shares after hosting meetings with management. The firm sees Rocket […]
New Zealand-based (but Nasdaq-listed) Rocket Lab has confirmed that it intends attacking the Direct-to-Consumer market currently dominated by Elon Musk’s SpaceX and its Starlink broadband system. Rocket Lab, founded by Sir Peter Beck, has recently unveiled its ‘Flatellite’ satellite, which it claims will deliver a long life in orbit and low-latency, with high-speed connectivity and […]
There’s no doubt that Elon Musk’s Starlink broadband-by-satellite system currently dominates Direct-To-Consumer (D2C) transmissions. Starlink is also enjoying success in serving Cruise ships and airlines with high-speed connectivity. There’s currently a battle for a would be/could be 2nd Place position between Jeff Bezos and Amazon’s Project Kuiper and AST SpaceMobile. Kuiper has yet to make […]
Sir Peter Beck’s New Zealand-based rocket company has gone ahead with its $500 million (€461.1m) cash-raising exercise. Rocket Lab has already confirmed an offer to buy German-based laser connectivity specialist Mynaric for $75 million. But the company says it has eyes on other acquisitions. Rocket Lab has four launches planned over the next few weeks. […]
Sir Peter Beck’s New Zealand-based rocket builder, Rocket Lab, is buying German-based satellite laser specialists Mynaric. Rocket Lab will pay $75 million (€68.7m) in cash and stock and there’s potential for another $75 million in an ‘earn out’ consideration. However, key to the purchase is the statement from Rocket Lab and that its intention is […]
Rocket Lab, already highly successful with its rocket designs and launch programme, has introduced to the market a new concept for satellite design, which it calls “Flatellite”. The New Zealand (and New York)-based business says the new concept is designed for mass manufacture and specifically designed for large constellations of satellites. The move also reinforces […]
February 19th saw the New Zealand-based Rocket Lab, founded by Sir Peter Beck, launch its 60th Electron mission. The company specialises in launching smaller satellites, and its record to date is extraordinarily impressive. Electron is already the world’s most frequently launched small rocket annually. “Now we’re making it the world’s first reusable orbital small rocket […]
Rocket Lab launches rockets from either its dedicated site in New Zealand (44 launches) or Virginia’s Wallops Island. Founded 17 years ago in Auckland, New Zealand by Peter Beck it now has its HQ in Long Beach, and is publicly traded on the NASDAQ exchange. The company says it is targeting SpaceX and wants to […]