Peter Beck
Rocket Lab CEO Peter Beck said merging with a SPAC will quickly give the company the capital it needs to accelerate development of its Neutron rocket.

A growing realization of the need for a medium-class launch vehicle led Rocket Lab to speed up its plans to go public by merging with a special-purpose acquisition company (SPAC).

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...