Vector Acquisition Corporation (VACQ)

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or the “Company”), a global leader in launch services and space systems, today announced that it completed its previously announced merger with Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”) to take Rocket Lab public. Vector’s shareholders approved the merger at an annual general meeting of Vector’s shareholders on August 20, 2021. The combined company will retain the Rocket Lab USA, Inc. name and will commence trading on the Nasdaq Capital Market on August 25, 2021, with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. The gross amount of cash that Rocket Lab will receive from Vector’s trust account and PIPE financing that closed substantially concurrently with the merger, before transaction expenses, equals approximately $777 million. The proceeds are expected to accelerate organic and inorganic growth in Rocket Lab's space systems business, drive the development of the Company’s reusable 8-ton payload class Neutron rocket, and support potential future expansion into space applications enabling Rocket Lab to deliver data and services from space. “Our team is motivated by the enormous impact we can have on Earth by making it easier to get to space and to do incredible things there. We are excited to be making that a reality by embarking on our next chapter as a public company,” said Rocket Lab founder and Chief Executive Officer, Peter Beck. “With our Electron rocket and Photon spacecraft, we’ve simplified space, making it easy and affordable for companies, scientists, governments, and entrepreneurs alike to get their ideas to orbit. Today, we take the next step toward unlocking the full potential of space, paving the way for our larger Neutron launch vehicle which will deploy the constellations of the future, and supporting our potential future expansion into space applications. I am thrilled to declare space open for business.” “As a leader in democratizing access to space, Rocket Lab is well positioned to capitalize on exciting opportunities in commercial and government-sponsored space industry innovation,” said Alex Slusky, CEO of Vector and Founder & Chief Investment Officer of Vector Capital. “We are confident in Rocket Lab’s ability to deliver outstanding performance and reliability to drive long-term value for shareholders.” Mr. Beck will continue to lead the combined company. Mr. Slusky will join the Board of Directors of the combined company alongside existing Directors Sven Strohband of Khosla Ventures, David Cowan of Bessemer Venture Partners, Matt Ocko of DCVC, Mike Griffin, Merline Saintil and Jon A. Olsen. As a public company, Rocket Lab’s position as a leader in end-to-end space services spanning launch, spacecraft manufacture, and on-orbit spacecraft management is further strengthened. Since Rocket Lab’s first orbital launch in 2018, the Company’s innovative Electron launch vehicle has become the second most frequently launched U.S. rocket annually. To date, Rocket Lab has delivered 105 satellites to orbit for more than 20 public and private-sector organizations and technology-leading constellation operators. Rocket Lab’s customer base is evenly split across government and commercial organizations including the National Aeronautics and Space Administration (NASA), the National Reconnaissance Office (NRO), and the Defense Advanced Research Projects Agency (DARPA), as well as commercial satellite leaders. Rocket Lab has an established space systems business that develops satellite and spacecraft solutions for a range of commercial and government missions, from low-Earth orbit constellations to high-complexity deep space and interplanetary missions. Rocket Lab’s Photon spacecraft family delivers a satellite-as-a-service solution that eliminates the typical high cost, time and complexity customers face when building their own satellites. With Rocket Lab, customers can buy a launch, satellite, ground services and on-orbit management as a turn-key package, resulting in a disruptive reduction in cost and time to orbit. Rocket Lab has two operational Photons on orbit, with additional missions to the Moon, Mars and Venus planned, including the CAPSTONE mission to lunar orbit in support of NASA’s Artemis program. Morgan Stanley & Co. LLC is serving as sole financial advisor to Rocket Lab, with Goodwin Procter LLP serving as legal counsel to the Company. Morgan Stanley & Co. LLC is also acting as the lead placement agent for Vector on the PIPE and capital markets advisor. Deutsche Bank Securities is serving as sole financial advisor and capital markets advisor to Vector as well as placement agent on the PIPE, with Kirkland & Ellis LLP serving as legal advisor. Canaccord Genuity, Cowen and Stifel also acted as capital markets advisors to Vector. To celebrate the completion of the business combination, Rocket Lab will be ringing the Nasdaq opening bell at 9:30 a.m. ET on August 25, 2021. A live stream of the event and replay can be accessed by visiting www.rocketlabusa.com/live-stream About Rocket Lab USA, Inc. Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron launch vehicles and Photon satellite platform and is developing the Neutron launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 105 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab has two launch sites, including a private orbital launch site located in New Zealand, and a second launch site in Virginia, USA expected to be operational by the end of 2021. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. To learn more, visit www.rocketlabusa.com. About Vector Vector Acquisition Corporation (Nasdaq: VACQ) is a blank check company led by veteran technology investor Alex Slusky. In addition to serving as CEO of Vector Acquisition Corp., Mr. Slusky is Founder and Chief Investment Officer of Vector Capital, a private investment firm focused on the technology sector. He has more than 25 years of experience investing in and operating private and public technology companies as well a deep understanding of trends, market cycles, vertical expertise, and the proven ability to identify, diligence, structure, and transform technology businesses. The company leverages the full resources of Vector Capital to transform operations and accelerate growth of its target investments. For additional information, visit https://www.vectorcapital.com. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Rocket Lab’s future plans regarding the proceeds from the merger and PIPE financing, including the number of Vector shareholders, if any, that exercise appraisal rights in connection with the merger, (ii) factors impacting the development of the Neutron launch vehicle and Rocket Lab’s ability to drive growth in its space systems business, and (iii) potential delays in the certification of Rocket Lab’s flight termination system software by NASA, which could delay the timing of when our second launch site becomes operational. There can be no assurance that the future developments affecting Rocket Lab or any successor entity of the merger will be those that we have anticipated. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Stocks can often move on press releases and company updates. Two space-related stocks are moving higher Tuesday on announcements from the companies with shareholders reacting positively to the news.

Rocket Lab is one step closer to going to Mars with NASA's approval of the company's Photon spacecraft for an upcoming science mission. If all continues according to plan the two craft will launch in 2024 and arrive on the Red Planet 11 months later to study its magnetosphere.

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions. The Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission will orbit two Rocket Lab-built Photon spacecraft around Mars to understand the structure, composition, variability, and dynamics of Mars' unique hybrid magnetosphere. The mission will also support crewed exploration programs like Artemis through improved solar storm prediction. ESCAPADE is the latest of only three missions proceeding under the current round of NASA’s Small Innovative Missions for Planetary Exploration (SIMPLEX) program to conduct compelling planetary space science with small satellites and provide more opportunities for flight experience to the science community. The ESCAPADE mission, led by principal investigator Robert Lillis at the University of California, Berkeley, is the latest SIMPLEX mission to pass Key Decision Point-C (KDP-C), confirming it for implementation in preparation for launch to Mars in 2024. The ESCAPADE mission is managed by the NASA Science Mission Directorate’s Heliophysics Division and will be the first Heliophysics mission to visit another planet. Following deployment from a NASA-provided commercial launch vehicle, the pair of Photons will conduct an 11-month interplanetary cruise before inserting themselves into elliptical orbits around Mars to begin the science phase. Both Photons incorporate satellite subsystems developed and manufactured by Rocket Lab, including star trackers, reaction wheels, ranging transceivers for deep space navigation, and in-space propulsion systems. By leveraging vertically-integrated spacecraft manufacturing, the ESCAPADE mission will be delivered at a fraction of the cost of traditional planetary missions. This supports U.S. national strategy for Decadal-class science by increasing the pace of scientific discovery and more sustainable crewed exploration by improving our understanding of the space environment. Rocket Lab’s founder and CEO, Peter Beck, says “ESCAPADE is an innovative mission that demonstrates that advanced interplanetary science is now within reach for a fraction of traditional costs, and we’re proud to make it possible with Photon,” he said. “Passing the Key Decision Point is a critical milestone in ESCAPADE’s development and is testament to the world-class science and engineering work of the UC Berkeley and Rocket Lab teams. We are delighted to receive the green light from NASA to proceed to flight.” ESCAPADE is one of several missions beyond Earth orbit currently under development by Rocket Lab using the Photon spacecraft, including the CAPSTONE mission to the Moon in support of NASA’s Artemis program and Rocket Lab’s own privately-funded science mission to Venus. Images and video content: www.rocketlabusa.com/news/updates/link-to-rocket-lab-imagery-and-video About Rocket Lab: Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021 (https://bwnews.pr/3yBYYzd). Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. at its annual general meeting of shareholders held on August 20, 2021. The merger is scheduled to close on August 25, 2021, and the common stock and warrants of the combined company, which will be renamed "Rocket Lab USA, Inc.", are set to commence trading on the Nasdaq Capital Market on August 25, 2021, under the new ticker symbols, “RKLB” and “RKLBW”, respectively. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

In 2023, Varda Space and Rocket Lab will put the first space manufacturing plant in orbit.

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector’s shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”), a global leader in launch and space systems, at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of less than 3% of its Class A ordinary shares have properly exercised their right to redeem their shares in connection with the proposed merger. As a result, the gross amount of cash that that the combined company will receive from Vector’s trust account and concurrent PIPE financing upon the closing of these transactions, before transaction expenses, will equal approximately $777 million. The merger is scheduled to close on August 25, 2021, and the common stock and warrants of the combined company, which will be renamed "Rocket Lab USA, Inc.", are set to commence trading on the Nasdaq Capital Market on August 25, 2021, under the new ticker symbols, “RKLB” and “RKLBW”, respectively. “Rocket Lab has created a sustainable, affordable and innovative path to space, a feat once considered nearly impossible. We look forward to further supporting the Company, which is poised to lead the fast-growing space launch, systems and applications markets," said Alex Slusky, CEO of Vector and Founder & Chief Investment Officer of Vector Capital. “This is an important milestone for Vector and Rocket Lab, and we are grateful for our shareholders’ overwhelming support as Rocket Lab continues its journey to becoming a public company.” “This significant milestone accelerates our ability to unlock the full potential of space through our launch and spacecraft platforms,” said Peter Beck, Founder and CEO of Rocket Lab. “With the support of public shareholders, I’m excited to build on our established track record of mission success as we continue to transform the way we use and access space.” The formal results of the vote will be included in a Current Report on Form 8-K to be filed by Vector with the Securities and Exchange Commission. About Rocket Lab Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron launch vehicles and Photon satellite platform and is developing the Neutron launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab has two launch sites, including a private orbital launch site located in New Zealand, and a second launch site in Virginia, USA expected to be operational by the end of 2021. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. To learn more, visit www.rocketlabusa.com. About Vector Vector (Nasdaq: VACQ) is a blank check company led by veteran technology investor Alex Slusky. In addition to serving as CEO of Vector, Mr. Slusky is Founder and Chief Investment Officer of Vector Capital, a private investment firm focused on the technology sector. He has more than 25 years of experience investing in and operating private and public technology companies as well a deep understanding of trends, market cycles, vertical expertise, and the proven ability to identify, diligence, structure, and transform technology businesses. The company leverages the full resources of Vector Capital to transform operations and accelerate growth of its target investments. For additional information, visit https://www.vectorcapital.com. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Vector’s and Rocket Lab’s current expectations and beliefs concerning future developments and involve a number of risks, uncertainties (some of which are beyond Vector’s or Rocket Lab’s control) or other assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the failure to satisfy the conditions to the consummation of the merger or the PIPE financing or the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement governing the merger or subscription agreements governing the PIPE financing and (ii) potential delays in the certification of Rocket Lab’s flight termination system software by NASA, which could delay the timing of when our second launch site becomes operational. There can be no assurance that the future developments affecting Vector, Rocket Lab or any successor entity of the merger will be those that we have anticipated. Except as required by law, Vector and Rocket Lab are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. For downloadable assets, please visit: www.rocketlabusa.com/mediaimages.

LONG BEACH, Calif.--(BUSINESS WIRE)--Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly traded special purpose acquisition company backed by leading technology investor Vector Capital, today announced that Vector's shareholders voted to approve its proposed merger with Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”), a global leader in launch and space systems, at its annual general meeting of shareholders held on August 20, 2021. Vector also announced that holders of les

LONG BEACH, Calif.--(BUSINESS WIRE)---- $VACQ--Rocket Lab to launch four PocketQube satellites for Alba Orbital to demonstrate innovative radio and night-time Earth observation technologies

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab, a leading launch provider and space systems company, today announced it has signed a rideshare agreement with Scottish / American PocketQube satellite manufacturer, Alba Orbital, to launch a cluster of small satellites designed to demonstrate innovative radio and night-time Earth observation technologies. The four pico-satellites in Alba Orbital’s cluster will fly as part of a rideshare mission on Rocket Lab’s Electron launch vehicle, lifting-off from Launch Complex 1 on New Zealand’s Mahia Peninsula in Q4, 2021. The cluster includes Alba Orbital’s own Unicorn-2 PocketQube satellites, as well as the TRSI-2, TRSI-3, and MyRadar-1 satellites for Alba Orbital’s customers. Each small satellite carries a unique sensor designed to demonstrate innovative technologies on orbit. Unicorn-2 will be carrying an optical night-time imaging payload designed to monitor light pollution across the globe. Night-time satellite imagery, otherwise known as ‘Night Lights’ data, provides crucial insights into human activities. This data enables a host of applications such as tracking urbanization and socioeconomic dynamics, evaluating conflict and disasters, investigating fisheries, assessing greenhouse gas emissions and energy use, and analyzing light pollution and health effects. All four PocketQubes will be deployed to a circular orbit by Electron’s Kick Stage, a nimble spacecraft that provides in-space propulsion and maneuvering capability to ensure each satellite is deployed to a precise and unique orbit defined by the customer. “We’re delighted to be Alba Orbital’s mission partner once again,” said Rocket Lab Founder and Chief Executive, Peter Beck. “The Alba Orbital team have proven that incredibly small satellites can be highly capable and deliver tangible insights and services back down to Earth at a fraction of traditional satellite costs. Making it faster, easier and more affordable to access space is a mission we share, so we’re excited to make it possible with Electron.” “It’s a pleasure to be working with Rocket Lab again on this exciting mission,'' said Tom Walkinshaw, CEO and Founder of Alba Orbital. “We successfully flew six satellites on board Rocket Lab’s ‘Running Out of Fingers’ flight in 2019, and we are thrilled to launch the first of our imaging constellation dedicated to imaging the Earth at night on board the Electron rocket. From day one, Alba Orbital’s mission has always been to democratize access to space, and Rocket Lab has demonstrated that they are whole-heartedly committed to the same vision.” The Alba cluster joins this mission alongside AuroraSat-1 from Aurora Propulsion Technologies, a Finnish company dedicated to the sustainable use of space. The mission is one of many scheduled to lift off on Electron from Launch Complex 1 this year, including three back-to-back dedicated launches for BlackSky Global, and the CAPSTONE mission to the Moon in support of NASA’s Artemis program. About Rocket Lab: Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021 (https://bwnews.pr/3yBYYzd). The transaction is expected to be completed in the third quarter of 2021. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. About Alba Orbital: Alba Orbital (UK, USA, Germany) is the world’s leading PocketQube satellite manufacturer and launch broker. Alba is a vertically integrated NewSpace company ‘democratising access to space’, providing turnkey solutions from advanced pico-satellite platforms, low-cost launch opportunities, ground station services and Earth observation data. Alba has worked with over 25 customers across three continents, including prestigious clients such as Stanford University, Carnegie Mellon University and TU Delft. For more information visit www.albaorbital.com or get in touch at contact@albaorbital.com. Additional Information This press release relates to a proposed transaction between Rocket Lab USA, Inc. (“Rocket Lab”) and Vector Acquisition Corporation (“Vector”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Aurora Propulsion Technologies, a Finnish company that develops thrusters and de-orbiting modules for small satellites, will be sending its technology to space for the first time. The company has signed on with Rocket Lab to send its inaugural AuroraSat-1 cubesat into low Earth orbit aboard an Electron rocket rideshare mission in the fourth quarter of […]

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it will release its financial results for the second quarter 2021 following the close of the U.S. markets on Wednesday, September 8, 2021. Rocket Lab will host a corresponding conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). A live audio-only webcast and replay of the conference call will be available on the Company’s Investor Relations website at www.rocketlabusa.com/investors. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021. The transaction is expected to be completed in the third quarter of 2021 following an annual meeting of Vector’s shareholders set for August 20, 2021 to approve the proposed business combination between Vector and Rocket Lab. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. In addition to the Company’s Q2 2021 conference call, Rocket Lab will participate in the following conferences in September 2021: Bloomberg RADAR 2021 Presentation: Tuesday, September 7, 05:35 p.m. PDT Speaker: Peter Beck, Founder and Chief Executive Deutsche Bank Virtual Technology Conference Presentation: Friday, September 10, 11:05 a.m. PDT Speakers: Peter Beck, Founder and Chief Executive, and Adam Spice, Chief Financial Officer About Rocket Lab Rocket Lab is a global leader in space that builds and launches rockets and spacecraft to provide end-to-end mission services for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Learn more at www.rocketlabusa.com. Additional Information This press release relates to a proposed transaction between Rocket Lab and Vector. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced that it will release its financial results for the second quarter 2021 following the close of the U.S. markets on Wednesday, September 8, 2021. Rocket Lab will host a corresponding conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). A live audio-only webcast and replay of the conference call will be available on the Company’s Investor Relations website at www.rocketlabusa.com/investors. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ) (“Vector”), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021. The transaction is expected to be completed in the third quarter of 2021 following an annual meeting of Vector’s shareholders set for August 20, 2021 to approve the proposed business combination between Vector and Rocket Lab. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. In addition to the Company’s Q2 2021 conference call, Rocket Lab will participate in the following conferences in September 2021: Bloomberg RADAR 2021 Presentation: Tuesday, September 7, 05:35 p.m. PDT Speaker: Peter Beck, Founder and Chief Executive Deutsche Bank Virtual Technology Conference Presentation: Friday, September 10, 11:05 a.m. PDT Speakers: Peter Beck, Founder and Chief Executive, and Adam Spice, Chief Financial Officer About Rocket Lab Rocket Lab is a global leader in space that builds and launches rockets and spacecraft to provide end-to-end mission services for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Learn more at www.rocketlabusa.com. Additional Information This press release relates to a proposed transaction between Rocket Lab and Vector. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab, a leading launch provider and space systems company, has today announced it will launch a satellite to test space junk removal technologies for Aurora Propulsion Technologies, a Finnish company dedicated to the sustainable use of space. Lifting-off from Launch Complex 1 on New Zealand’s Mahia Peninsula as part of a rideshare mission scheduled in Q4, 2021, Electron will deploy AuroraSat-1 to low Earth orbit in a demonstration of the company’s proprietary propulsion devices and plasma brakes that provide efficient propulsion and deorbiting capabilities for small satellites. The CubeSat will validate the water-based propellant and mobility control of its Resistojets that can assist CubeSats with detumbling capabilities and propulsion-based attitude control. AuroraSat-1 will also test its deployable Plasma Brakes which combine a micro-tether with charged particles in space, or ionospheric plasma, to generate significant amounts of drag to deorbit the spacecraft safely at the end of its life. The recently-signed launch agreement provides Aurora with an accelerated on-ramp to space at a critical phase in the company’s growth and technology development. Originally manifested to launch on a different rocket and orbital transfer vehicle, Rocket Lab’s rapid and streamlined space access, combined with the ability of Electron’s Kick Stage to precisely deliver payloads to their unique orbits, were decisive factors in Aurora selecting Rocket Lab as the launch provider for their mission. “Speed to space is crucial in the development of next-generation technologies like Aurora’s, made possible by the dedicated team behind Electron that delivers rapid and responsive launch for satellite operators who want to move quickly,” said Rocket Lab founder and CEO, Peter Beck. “We’re delighted to be working with Aurora to enable new and innovative systems with the safe and sustainable use of space in mind.” Aurora CEO, Roope Takala said: “After earlier launch plans fell through, we greatly value Rocket Lab’s ability to offer a launch in a flight window starting just three months from our originally planned launch date. The quick response Rocket Lab offered allows us to space prove our technologies this year and keep on track with our development plans.” The AuroraSat-1 launch agreement follows a collection of other announced satellites flying onboard Electron including the first ever wooden satellite, WISA Woodsat, developed by Finnish company Arctic Astronautics. The mission is expected to follow on from three back-to-back Electron launches in August and September for BlackSky Global, and the CAPSTONE mission to the Moon in support of NASA’s Artemis program. Images and video content: www.rocketlabusa.com/about-us/updates/link-to-rocket-lab-imagery-and-video/ About Rocket Lab: Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021 (https://bwnews.pr/3yBYYzd). The transaction is expected to be completed in the third quarter of 2021. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. About Aurora Propulsion Technologies Aurora Propulsion Technologies’ mission is to ensure sustainable use of space, whilst prolonging the useful lifespan of satellites. Our technologies enable effective and prompt implementation of satellite position and orientation to ensure successful execution and growth for the owners’ business as well as the safe and reliable deorbiting of satellites at the end of their useful life. The long-term mission goal is deep space exploration with microsatellite-sized probes using a revolutionary means of propulsion, an electric sail. Visit Aurora Propulsion Technologies at www.aurorapt.fi. Additional Information This press release relates to a proposed transaction between Rocket Lab USA, Inc. (“Rocket Lab”) and Vector Acquisition Corporation (“Vector”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Orbital manufacturing startup Varda Space Industries is moving fast. Only a few weeks after announcing a $42 million Series A, Varda has signed a deal with launch company Rocket Lab for three Photon spacecraft to support the startup's initial missions.

LONG BEACH, Calif.--(BUSINESS WIRE)--Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule. Varda’s space-manufactured products are targeted at high-value markets such as fiber optic cables, pharmaceuticals, and semiconductors — all of which have higher performance when produced in zero-gravity. After launch, Rocket Lab’s Photon will position the spacecraft in an operational orbit and provide station keeping. Photon will support Varda’s 120 kg manufacturing and re-entry modules with power, data, and attitude control. All three Photon spacecraft will also incorporate Rocket Lab-designed and built spacecraft components, including radios, reaction wheels and star trackers. Rocket Lab's Photon will perform multiple burns with the 3D-printed Curie engine, acting as a highly capable propulsion system to place Varda's re-entry capsule on a return trajectory to Earth. Traditionally, almost all in-space manufacturing research has been carried out on the International Space Station. This research has demonstrated that innovative materials and products can be created in the consistent microgravity environment of low-Earth orbit, an environment that can’t be replicated on Earth. Until now, manufacturing in orbit has been impossible to scale due to cost. Building a space factory with a proven, Photon spacecraft — one that doesn’t require human tending in orbit — will allow Varda to make building products in space at scale a reality for the first time. “The Varda team is undertaking ground-breaking work that really opens up new possibilities and markets for in-space manufacturing and we couldn’t be more excited to make their mission possible with Photon,” said Rocket Lab Founder and Chief Executive Officer, Peter Beck. “Photon enables our customers to unlock the full potential of space. It removes a massive barrier to the growing small satellite market by delivering our customers a versatile and configurable spacecraft platform that they don’t need to build themselves. Our customers get to orbit faster and can focus purely on their mission while there, rather than worrying about developing and operating a spacecraft.” Based in Torrance, California, Varda Space Industries was founded by Will Bruey, who spent almost a decade working on SpaceX’s Crew and Cargo Dragon spacecraft, and Delian Asparouhov, a Principal at Peter Thiel’s Founders Fund. “We are excited to work with Rocket Lab. Photon is a great fit for our mission and their team has displayed significant engineering rigor. Working with them will allow us to deliver on our aggressive schedule and tight budget. We are one step closer to delivering valuable materials to our clients here on Earth,” said Varda Space Industries Chief Executive Officer, Will Bruey. The first Varda Photon is planned for delivery in Q1 2023, with the second to follow up later in the year and a third in 2024. The contract, which is subject to standard termination provisions, also includes an option for Varda to procure a fourth Photon. Each mission has a nominal three-month duration from launch to landing. The Varda contract joins a growing list of Photon missions, including the CAPSTONE lunar mission in support of NASA’s Artemis program and a recently announced contract to design twin Photon spacecraft in support of a NASA Mars mission. Rocket Lab currently operates two existing Photon spacecraft on orbit. Launched in 2020 and 2021 respectively, the Photon First Light and Photon Pathstone spacecraft demonstrated Rocket Lab’s end-to-end mission service, encompassing satellite design and build, launch on Rocket Lab’s Electron launch vehicle, and on-orbit operations. About Photon Photon is Rocket Lab’s flight proven, configurable spacecraft tailored for missions ranging from low Earth orbit through to planetary destinations. Photon is based on Rocket Lab’s heritage Electron Kick Stage, leveraging numerous components that have significant flight heritage, including the Curie engine, an in-house designed and developed in-space propulsion system. Photon evolves the Kick Stage by incorporating high-power generation, high-accuracy attitude determination and control, enhanced propulsion subsystems, and radiation-tolerant avionics to provide a bundled launch-plus-satellite offering. About Rocket Lab Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021. The transaction is expected to be completed in the third quarter of 2021. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. About Varda Space Industries Varda is building space factories. It is currently the only company aiming to operate entirely on commercial supply chains and is well positioned to be the worldwide leader in commercial microgravity manufacturing. The company plans to offer a wide array of microgravity materials to its customers in the coming years, partnering with forward-looking organizations committed to improving quality of life and lowering costs for their end-consumers. For downloadable assets, please visit: www.rocketlabusa.com/mediaimages. Additional Information This press release relates to a proposed transaction between Rocket Lab USA, Inc. (“Rocket Lab”) and Vector Acquisition Corporation (“Vector”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab, a leading launch provider and space systems company, has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky. Scheduled to lift off from Launch Complex 1 on New Zealand’s Mahia Peninsula in late August, the ‘Love At First Insight’ mission will be Rocket Lab’s 22nd Electron launch overall and fifth mission of 2021. ‘Love At First Insight’ is the first in a rapid succession of scheduled Electron launches between late August through September that represent the company’s fastest launch turnarounds to date. The ‘Love At First Insight’ mission is the latest in a multi-launch agreement signed earlier this year for BlackSky between Rocket Lab and Spaceflight Inc., which is providing integration and mission management services for BlackSky. This mission will deploy the eighth and ninth satellites of BlackSky’s planned constellation as part of that rapid-launch agreement, with another four Gen-2 smallsats across the two additional Electron dedicated missions to follow. Electron will deploy two of BlackSky’s high-resolution, multi-spectral, Gen-2 satellites to low Earth orbit, expanding BlackSky’s network in space and offering of real-time geospatial intelligence and monitoring services. BlackSky combines high-resolution images captured by its constellation of microsatellites with its proprietary artificial intelligence software to deliver analytics and insights to industries including transportation, infrastructure, land use, defense, supply chain management, and humanitarian aid. “Dedicated launch on Electron means a bespoke service for satellite operators who want control over their schedule and orbital parameters,” says Rocket Lab founder and CEO Peter Beck. “Rapid launch with these three back-to-back missions enables BlackSky to fast-track their plans for a constellation that meets the hunger for real-time data produced by multiple images within 24 hours, rather than one image at the same time each day.” “We’ve been partnering strongly with Rocket Lab over the past several months to gain high confidence in a launch campaign that will increase the capacity of our space network,” said Brian E. O’Toole, CEO of BlackSky. “This cadence of rapid launches demonstrates the accelerated pace at which we are able to expand our constellation and reinforces our commitment to delivering real-time data and intelligence.” The ‘Love At First Insight’ launch is set to bring the total number of satellites launched by Rocket Lab to 107, joining a collection of successfully deployed satellites from various sectors including Earth-observation, Internet of Things, weather and climate monitoring, academia and scientific research, civil government, defense, and more. Information about the ‘Love At First Insight’ launch window will be made available in the coming days. Images and video content: www.rocketlabusa.com/about-us/updates/link-to-rocket-lab-imagery-and-video/ About Rocket Lab: Rocket Lab is a global leader in space, building rockets and spacecraft that make it easier to get to orbit and to do amazing things there. Founded in 2006, Rocket Lab provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab’s Electron launch vehicle is the second most frequently launched U.S. rocket annually and has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab and Vector Acquisition Corporation (Nasdaq: VACQ), a publicly-traded special purpose acquisition company, announced a proposed business combination in the first quarter of 2021 (https://bwnews.pr/3yBYYzd). The transaction is expected to be completed in the third quarter of 2021. Upon closing, the combined company is expected to remain listed on the Nasdaq with its common stock and warrants trading under the new ticker symbols, “RKLB” and “RKLBW”, respectively. Additional Information This press release relates to a proposed transaction between Rocket Lab USA, Inc. (“Rocket Lab”) and Vector Acquisition Corporation (“Vector”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Vector and Rocket Lab filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which includes a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. The proxy statement/prospectus has been sent to all Rocket Lab and Vector shareholders. Rocket Lab and Vector will also file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of Rocket Lab and Vector are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Rocket Lab and Vector through the website maintained by the SEC at www.sec.gov. The documents filed by Vector with the SEC also may be obtained free of charge upon written request to Vector Acquisition Corporation, One Market Street, Steuart Tower, 23rd Floor, San Francisco, CA 94105. The documents filed by Rocket Lab with the SEC also may be obtained free of charge upon written request to Rocket Lab USA, Inc., 3881 McGowen Street, Long Beach, CA 90808. Participants in the Solicitation Rocket Lab, Vector and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Vector’s shareholders in connection with the proposed transaction. A list of the names of such directors, executive officers, other members of management, and employees, and information regarding their interests in the proposed transaction are contained in Vector’s filings with the SEC, including Vector’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 30, 2021, as amended by Amendment No. 1 on May 3, 2021, certain of its Current Reports filed on Form 8-K and the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021, and such information and names of Rocket Lab’s directors and executive officers is in the definitive proxy statement/prospectus relating to the proposed transaction filed on July 22, 2021. Additional information regarding the interests of such potential participants in the solicitation process are included in the registration statement (and included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. Forward-Looking Statements This press release may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Vector’s, Rocket Lab’s or their respective management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Rocket Lab’s current expectations and beliefs concerning future developments and their potential effects. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed transaction with Vector may not be completed in a timely manner or at all, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction with Vector, including the adoption of the merger agreement governing the proposed transaction by Vector’s shareholders, and (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement. There can be no assurance that the future developments affecting Rocket Lab will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Rocket Lab’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, Rocket Lab is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.