Rocket Lab acquires Planetary Systems Corporation in cash and stock deal –
Summary
Rocket Lab is continuing its acquisition strategy, this time with a cash and stock deal with Planetary Systems Corporation (PSC). PSC’s hardware has been integrated with launch vehicles developed domestically by SpaceX, United Launch Alliance and the now-retired NASA Space Shuttle; and internationally by Arianespace, the Japan Aerospace Exploration Agency and others. The deal comes as Rocket Lab continues to pursue its goal of becoming not simply a launch provider, but a fully vertically integrated space services company, offering everything from transportation to orbit to the spacecraft themselves. Rocket Lab also acquired Sinclair Interplanetary last year, a manufacturer of space hardware. PSC will continue to be headed by the current CEO, Mike Whalen.