Rocket Lab reports $140M in fresh funding

Rocket Lab factory
Electron rockets are made at Rocket Lab’s production facility in New Zealand. (Rocket Lab Photo)

Fresh on the heels of a successful satellite launch, Rocket Lab today announced that it has received $140 million in new investment.

Rocket Lab said the Series E financing round was led by Future Fund and closed last month, well in advance of last weekend’s “It’s Business Time” mission. The Electron rocket launch from the California-based startup’s pad on New Zealand’s Mahia Peninsula put six satellites in orbit and tested an experimental drag sail for small satellites.

The new round brings Rocket Lab’s total funding to $288 million and puts the company’s valuation well past a billion dollars, extending its status as a startup “unicorn.”

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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