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Rocket Lab
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=== SPAC listing === Rocket Lab went public in late August 2021 via a SPAC listing. The sponsor was Vector Capital, a tech-only fund with a 25-year track record (39% gross IRR since inception, 100+ companies acquired since 1997), led by Alex Slusky. The deal raised about $777m in gross proceeds (before fees, which are expected to be ~$50m and management redemptions of about $40m) including a $467m PIPE led by Vector, Blackrock, and Neuberger Berman. Notable venture capital support also came from Bessemer and DCVC, who are both on the board of directors. The redemption rate for the deal was 3%. For the lockup, there is a customary 6-month period (2/25/22) for all employees (including C-suite and Peter Beck who owns +11% of the shares), sponsor, and pre-SPAC investors.
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