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.”
