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RKLB went public on August 25, 2021, through a reverse merger with blank check company Vector Acquisition. Since then, the stock has gained 17.7% to close yesterday’s trading session at $12.28. The company raised $777 million in gross proceeds through this merger, valuing RKLB at $4.80 billion. Regarding this, RKLB CEO Peter Beck said, “It’s a tremendous amount of capital … really puts us in a position not only to be aggressive in our organic growth but aggressive on our inorganic growth as well.”
However, RKLB is currently operating in a highly competitive market, with several aeronautical companies gaining prominence. Popular start-ups such as Virgin Galactic Holdings Inc. (NYSE:SPCE), Jeff Bezos-backed Blue Origin, and Elon Musk’s SpaceX are some of the biggest competitors of RKLB, despite the differentiated operations.
