TLDR:
Rocket Lab USA will receive $120 million in equipment financing from Trinity Capital to support its expansion plans and procurement of testing equipment. This partnership will help Rocket Lab continue to deliver reliable space services to commercial and government customers.
Rocket Lab USA has been awarded a $515 million contract to design and produce 18 satellites for the Space Development Agency and was also selected to deploy small satellites into low Earth orbit for a NASA mission focused on studying climate change impacts on ice shelves.
Trinity Capital provides venture debt financing to venture capital-backed companies, and this new debt facility will support Rocket Lab’s growth and development in the space industry.
Full Article:
Rocket Lab USA, a leading launch provider and satellite prime contractor, has secured a $120 million equipment financing agreement with Trinity Capital. This funding will be used to support Rocket Lab’s expansion plans, including the procurement of testing equipment and the development of additional manufacturing and research and development capacity.
The partnership with Trinity Capital enables Rocket Lab to continue its momentum in the space industry, delivering reliable space services to a growing base of commercial and government customers. Adam Spice, the Chief Financial Officer at Rocket Lab, highlighted the importance of this collaboration in furthering the company’s position as a key player in the space market.
In recent developments, Rocket Lab has been awarded a significant contract to design and produce 18 satellites for the Space Development Agency, with a total contract value of $515 million. Additionally, the company has been chosen to deploy small satellites into low Earth orbit for a NASA mission that aims to study the impact of climate change on ice shelves in the Arctic and Antarctica.
Trinity Capital, a provider of venture debt financing to venture capital-backed companies, has established this new debt facility to support Rocket Lab’s continued growth and success in the industry. This strategic partnership will allow Rocket Lab to expand its capabilities and maintain its position as a trusted provider of space services.
