### Filing Overview **Filing Date**: March 1, 2021 **Type of Filing**: [[Filing Definitions#Form 425|Form 425]] **Filing Purpose**: Transcript of Yahoo! Finance Interview with Peter Beck --- ### Notes ### Key Highlights: - **Interview Participants**: - **Peter Beck**, CEO and Founder of Rocket Lab, discussed the company's merger with Vector Acquisition Corporation on Yahoo! Finance. - Hosts: **Zach Guzman** and **Akiko Fujita**. ### Discussion Points: - **Merger with Vector Acquisition Corporation**: - The merger values Rocket Lab at **$4.1 billion** and is expected to provide **$750 million in cash**, supporting growth in launch and space systems. - Beck emphasized Rocket Lab’s track record of execution in small launches, deploying **97 satellites** to date, and being the **fourth most frequently launched rocket globally**. - **Expansion into Medium-Lift Rockets**: - Highlighted plans for the **Neutron rocket**, targeting mega-constellations and future human spaceflight, addressing market gaps for medium-lift capabilities. - **Path to Profitability**: - Rocket Lab expects to be EBITDA positive by **2023**, driven by backlog commitments and scaling operations. Beck stressed confidence in financial projections due to frequent launches and robust customer relationships. - **Consolidation in the Space Industry**: - Beck predicted the survival of a small number of companies in small and medium/large launch markets, noting Rocket Lab’s unique positioning as a launch and spacecraft provider. - **Vision for Growth**: - Expansion into **space applications** and data services to create an end-to-end platform, leveraging Rocket Lab’s launch and spacecraft capabilities.