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How to buy Rocket Lab stock when it goes public
Here's everything we know so far about the Rocket Lab IPO.
Rocket Lab USA is expected to go public via a merger with a special purpose acquisition company (SPAC).
What we know about the Rocket Lab IPO
Rocket Lab USA, a Long Beach, California-based company that operates private rocket launch sites, is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The deal is expected to close in the second quarter of 2021.
The SPAC, Vector Acquisition Corp, originally went public in November 2020 After the merger, the company will trade on the Nasdaq under the ticker “RKLB.”
How to buy shares in Rocket Lab when it goes public
- Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade US-listed stocks.
- Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Rocket Lab. Find the stock by name or ticker symbol – for Rocket Lab this will be RKLB. Do your research and confirm it’s a solid investment for your financial goals.
- Purchase now or later. Buy with a market order or use a limit order to delay your purchase until Rocket Lab reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Rocket Lab, depending on your share trading platform.
- Check-in on your investment. Congratulations, you own a part of Rocket Lab. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Compare share trading platforms with access to US shares
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How do similar companies perform?
It’s impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Rocket Lab can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
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