Video / Rocket LabIn an online briefing at 2am NZT (8am for its target Wall Street audience), Rocket Lab founder Peter Beck revealed more details of his company's much larger Neutron rocket - which he dubbed "an absolute beast". Rocket Lab founder Peter Beck watches a mock-up of his company's Neutron rocket during this morning's livestream. In late Nasdaq trading, Rocket Lab shares were down 3.4 per cent to US$14.68 (for a market cap of US$6.58 billion, giving up some of their recent gains. The balance will be funded with some of the US$750m that Rocket Lab raised through its Nasdaq listing. And Rocket Lab is expanding its NZ presence with a new satellite component plant in Auckland.

Source: New Zealand Herald December 02, 2021 19:56 UTC