Rocket Lab has had a smooth landing on the Nasdaq stock exchange with its shares quickly settling at a price that values the space launch company at US$5.2 billion (NZ$7.4b). Rocket Lab/Supplied Rocket Lab chief executive Peter Beck says the company has simplified access to space. Beck retains a 13.1 per cent shareholding in Rocket Lab, worth about US$680m, or just shy of NZ$1b. Mozessohn, who also owns shares in other Nasdaq and NZX-listed firms, said he researched and bought into the Rocket Lab story as a long-term investment in an industry he loved. “I think of Rocket Lab as an awesome company.

Source: Stuff August 25, 2021 20:16 UTC