Rocket Lab to acquire spacecraft separation system company Planetary Systems Corp

by | Nov 24, 2021 | Finance, Seradata News

Continuing a string of purchases, newspace launch provider Rocket Lab is set to acquire Planetary Systems Corporation (PSC). Rocket Lab, which is based in the USA, announced the agreement to purchase Maryland-based PSC on 15 November. PSC is a designer and manufacturer of spacecraft separation systems, which have reportedly been used over 100 missions.

 

The deal is valued at US$42 million in cash, plus 1.72 million shares of Rocket Lab stock. It is expected to close before the end of the year.

This most recent acquisition follows-on from that of Advanced Solutions Inc (ASI) in October. That purchase saw the Colorado-based developer of satellite software bought for US$40 million.

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