Rocket Lab raises $140 million
Posted: Sun, Nov 18, 2018, 8:16 AM ET (1316 GMT)
Rocket Lab announced Thursday it has closed a $140 million funding round. The Series E round was led by Future Fund, Australia's sovereign wealth fund, with several other existing investors participating. One new investor, Accident Compensation Corporation of New Zealand, joined the round. Rocket Lab has now raised more than $288 million to date, and the company said this round values the company higher than the "$1-billion-plus" valuation of its previous funding round in March 2017. The company plans to use the funding to expand its capabilities to meet a goal of weekly launches, while also investing in three unspecified research and development projects.
Rocket Lab announced Thursday it has closed a $140 million funding round. The Series E round was led by Future Fund, Australia's sovereign wealth fund, with several other existing investors participating. One new investor, Accident Compensation Corporation of New Zealand, joined the round. Rocket Lab has now raised more than $288 million to date, and the company said this round values the company higher than the "$1-billion-plus" valuation of its previous funding round in March 2017. The company plans to use the funding to expand its capabilities to meet a goal of weekly launches, while also investing in three unspecified research and development projects.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Space Force selects companies to develop space-based interceptor prototypes
Posted: Sun, Nov 30 8:40 AM ET (1340 GMT) |
|
news links
|
|
Monday, December 1
Spaceport Cornwall shortlisted as testing location
BBC — 5:57 am ET (1057 GMT) 'We’d love to be in India': Elon Musk makes the case for Starlink’s rural connectivity mission
Business Today — 5:57 am ET (1057 GMT) Russia’s War Drones Still Using Starlink Despite Pentagon Crackdown
United24 Media — 5:56 am ET (1056 GMT) On Space Command: Springs focuses on the mission, not politics
Colorado Springs Gazette — 5:54 am ET (1054 GMT) China's first space documentary screened in Bulgaria
Xinhua — 5:52 am ET (1052 GMT) |
