Rocket Lab USA, Inc. Acquires Planetary Systems Corporation
November 15, 2021
Rocket Lab USA, Inc. (Nasdaq: RKLB) completed the acquisition of Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation systems and satellite dispenser manufacturer, for $42 million in cash plus 1,720,841 shares of common stock and a potential earnout of up to 956,023 additional shares. The deal (expected/closed in Q4 2021 per announcements) brings PSC's flight-proven separation hardware and its 25-person team into Rocket Lab's Space Systems division to expand Rocket Lab's end-to-end launch, spacecraft, and space-hardware capabilities.
- Buyers
- Rocket Lab USA, Inc.
- Targets
- Planetary Systems Corporation
- Industry
- Aerospace & Defense
- Location
- Maryland, United States
- Transaction Type
- Buyout
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