Automotive

Shares of Rocket Lab soared, but Peter Beck’s billionaire status was overshadowed.

Shares of Rocket Lab had their best day on the Nasdaq since listing last Thursday, although it’s not clear if Kiwi founder Peter Beck has yet joined the billionaire club based on the company’s filing.

Shares of the company rose nearly 15 percent to .6 11.63 during the trading session, which closed at 9 a.m. New Zealand time on Friday, valued at لان 5.8 billion (NZ $ 8.15b). ۔

Rocket Lab spokesman Morgan Bailey said Beck’s holdings were placed on a table in the July filing, indicating that Beck now owns 54,533,748 shares in the company, which led to the closure of Rocket Lab. Based on this, its holding value will be only 4 634 million (1 891 million). Share price.

Read more:
* Rocket Lab launches on Nasdaq, valued at 5.2 billion
* Rocket Lab has lost 290 million in the last eight years.
* Peter Beck of Rocket Lab says the new rocket will be a “workhorse” for the space industry.

Their share of voting rights in Rocket Lab is 13.1%.

Rocket Lab’s latest move is attributed to the announcement on Thursday that the company was investing in a production line at its Auckland headquarters to produce 2,000 “reaction wheels” annually. Is capable of

Peter Beck, chief executive of Rocket Lab, has regained a large stake in the company he founded by leading the Nasdaq Exchange.

Rocket Lab / Provided

Peter Beck, chief executive of Rocket Lab, has regained a large stake in the company he founded by leading the Nasdaq Exchange.

It still comes with the company. Pause launches Due to Auckland Level 4 lockdown.

The reaction wheels are designed to place satellites in orbit, and the number the company wants to produce suggests that it can expect to launch 500 or more satellites a year. Is.

The production line will help create 16 new jobs, Rocket Lab said.

Beck said the business expansion was facilitated by Rocket Lab’s purchase last year of the Toronto-based Sinclair Interplanetary, which developed reaction wheels and Star Tracker used to identify satellites in space. Are

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