NOVEMBER FINANCING ROUND-UP
November 15 – Rocket Lab Ltd. (Rocket Lab) announced that it closed a $140m Series E financing round led by Future Fund, with participation from other existing investors Bessemer Venture Partners, Greenspring Associates, Khosla Ventures, Data Collective, Promus Ventures and K1W1, as well as new investor Accident Compensation Corporation, bringing to $288m its total funding raised to date. Rocket Lab plans to use the funding to scale up launch vehicle production, build launch sites and carry out three new R&D programs.
November 20 – Space Exploration Technologies Corp. (SpaceX) secured a loan, the first-ever for the company, in the amount of $250m, with a term of 7 years and an interest rate equal to 4.25% above LIBOR. Bank of America led the financing. SpaceX intends to use the loan proceeds for general corporate purposes.
Read more related news in Space Business Review November 2018.
