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0 0 0.0184265964450296 0.0124423963133641 0.00131665569453585 0.0138248847926267 0.0138248847926267 0.00921658986175107
Stock impact report

Rocket Lab Closes Acquisition Of Space Hardware Company Planetary Systems Corporation

Rocket Lab USA, Inc. (RKLB) 
Company Research Source: Business Wire
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, announced today that it has closed the previously-announced transaction to acquire Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation systems company, for $42 million in cash and 1,720,841 shares of the Company’s common stock, plus the potential for an additional 956,023 shares of common stock for a performance earnout based on PSC’s CY 2022 and 2023 financial results. Rocket Lab announced the execution of the agreement to acquire PSC on 15 November, 2021 pending certain closing conditions.A trusted leader in separation systems and satellite dispensers across the space industry, PSC’s flight-proven, cost-effective, and lightweight hardware streamlines the process of attaching satellites to rockets and releasing them in space while ensuring they’re protected during the journey to orbit. PSC’s product Show less Read more
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