S-1 Filing

ROCKET LAB CORP CIK: 1819994

Filing Information

Form Type	S-1
Accession Number	`0001193125-21-282501`
Period End Date	20210630
Filing Date	20210924
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	d212874ds1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 30 Cash Flow Statement 33 Stockholders Equity 20

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$284.62K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$366.65K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, share issued	`CommonStockSharesIssued`	8.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$329.47K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.23M	USD	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.01M	USD	Point-in-time
Investment held in Trust Account	`AssetsHeldInTrustNoncurrent`	$320.00M	USD	Point-in-time
Total Assets	`Assets`	$320.34M	USD	Point-in-time
Total Assets	`Assets`	$321.24M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$217.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$217.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.39M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$24.56M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilities`	$46.12M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$11.20M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$11.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$59.71M	USD	Point-in-time
Class A ordinary shares subject to possible redemption	`TemporaryEquityCarryingAmountAttributableToParent`	$320.00M	USD	Point-in-time
Class A ordinary shares subject to possible redemption	`TemporaryEquityCarryingAmountAttributableToParent`	$280.26M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.34M	USD	Point-in-time
Total shareholders' Equity (deficit)	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Total shareholders' Equity (deficit)	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' Equity (deficit)	`StockholdersEquity`	-	USD	Point-in-time
Total shareholders' Equity (deficit)	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$320.34M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$321.24M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.16M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.47M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$48.40M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.75M	USD	2 Qtrs
Formation and operation costs	`OperatingCostsAndExpenses`	$1.15M	USD	1 Quarter
Formation and operation costs	`OperatingCostsAndExpenses`	$3.08M	USD	2 Qtrs
Formation and operation costs	`OperatingCostsAndExpenses`	$357.46K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$25.60M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$46.98M	USD	Annual
Cost of revenues	`CostOfRevenue`	$49.48M	USD	Annual
Cost of revenues	`CostOfRevenue`	$14.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$-1.08M	USD	Annual
Gross profit	`GrossProfit`	$-5.88M	USD	2 Qtrs
Gross profit	`GrossProfit`	$-11.82M	USD	Annual
Gross profit	`GrossProfit`	$3.87M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.08M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-357.46K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestIncomeOther`	$4.86K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeOther`	$4.85K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestIncomeOther`	$9.67K	USD	2 Qtrs
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-11.99M	USD	2 Qtrs
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$21.55M	USD	2 Qtrs
Change in fair value of warrant liabilities	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-81.33K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$86.20K	USD	1 Quarter
Total other income (loss)	`NonoperatingIncomeExpense`	$-21.54M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.34M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-24.62M	USD	2 Qtrs

Cash Flow Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-12.34M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-24.62M	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$9.67K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$4.85K	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$21.55M	USD	2 Qtrs
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$11.99M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$366.65K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-82.02K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.17M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$217.40K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-821.06K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-506.71K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$320.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-320.00M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$313.60M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.40M	USD	2 Qtrs
Proceeds from promissory note related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Repayment of promissory note related party	`RepaymentsOfRelatedPartyDebt`	$300.00K	USD	2 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$627.38K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$321.37M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$865.90K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-821.06K	USD	2 Qtrs
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Cash Beginning	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$44.85K	USD	Point-in-time
Cash Ending	`CashAndCashEquivalentsAtCarryingValue`	$865.90K	USD	Point-in-time
Initial classification of Class A ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$291.79M	USD	2 Qtrs
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	$-11.54M	USD	2 Qtrs
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfClassAOrdinarySharesSubjectToPossibleRedemption`	$39.74M	USD	2 Qtrs
Initial classification of warrant liability	`InitialClassificationOfWarrantLiability`	$12.57M	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$11.20M	USD	2 Qtrs
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares	`OfferingCostsPaidBySponsorInExchangeForIssuanceOfClassOrdinaryShares`	$25.00K	USD	2 Qtrs
Forfeiture of Founder Shares	`ForfeitureOfFounderShare`	$-68.00	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Sale of units, net of underwriting discounts and offering costs	`SaleOfUnitsNetOfUnderwritingDiscountsAndOfferingCosts`	32.00M	shares	2 Qtrs
Balance at Beginning	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Balance at Beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at Beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at Beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Sale of 32,000,000 Units, net of underwriting discounts, offering costs, and warrant liabilities	`StockIssuedDuringPeriodSaleOfUnitsNetOfUnderwritingDiscountsOfferingCostsAndWarrantLiabilities`	$293.55M	USD	2 Qtrs
Excess of proceeds from the sale of private placement warrants to Sponsor	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.03M	USD	2 Qtrs
Forfeiture of Founder Shares	`StockIssuedDuringPeriodValueOther`	$40.00M	USD	2 Qtrs
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-63.30M	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$23.56M	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$-280.26M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.56M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.34M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-24.62M	USD	2 Qtrs
Balance Ending	`StockholdersEquity`	$-59.36M	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance Ending	`StockholdersEquity`	-	USD	Point-in-time
Balance Ending	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.