Rocket Lab: Forget/forgive its SPAC revenue forecasts and focus on the MDA-Globalstar deal

by Peter B. de Selding

PARIS — Small satellite launch-service provider Rocket Lab — a description fast becoming outdated as it moves into satellite hardware production — fell short of the 2021 revenue it forecasted in the runup to its SPAC-enabled stock-market introduction in August and no longer wants to talk about its previous forecasts for 2022 revenue and beyond.

But beyond this problem of not meeting forecasts, which it shares with many other SPAC transactions, Rocket Lab’s business looks better than ever.

Even a Rocket Lab preparing its IPO would . . .

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