Space SPAC Rocket Lab Suffers Launch Failure Saturday

Space company Rocket Lab, a manufacturer and launcher of small rockets carrying even smaller satellites into orbit, announced back in March that it will go public via a merger with special purpose acquisition company Vector Acquisition Corporation (NASDAQ: VACQ) sometime in the second quarter of 2021 (i.e., before June 30). In so doing, it promised to give investors a chance to own a piece of an "end-to-end space company with an established track record, uniquely positioned to extend its lead across a launch, space systems and space applications market forecast to grow to $1.4 trillion by 2030."

But this "track record" just got a little less "established" -- and Rocket Lab's "lead" in space launch systems has suffered a setback.

Image source: Rocket Lab.

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Source Fool.com