Apologies, I had to repost this as the layout turned to custard with no editing option & half the info disappearing …… so
We have posted previously on the Rocket Lab. (For other articles on topic use the search box). Partnering / funded with / by defense contractor Lockheed Martin, the NZ Govt (which note, is a corporation) and now ACC (also a corporation)? This is something I’m watching. The article below is from thespinoff.co.nz
Ollie Neas | Guest writer
Rocket Lab is a celebrated New Zealand success story, with a stated mission to open access to space and improve life on Earth. Yet many of its key contracts are with the US military and their suppliers. Ollie Neas reports on the dark side of a local business hero.
Last Friday Rocket Lab announced that it had secured US$140m (NZ$206m) in new funding from a range of investors, including the publicly-owned ACC.
After a launch the Sunday before, this announcement marked the second time in a week that hundreds of international media outlets took notice of Rocket Lab and, by extension, New Zealand.
At home, though, the issue has been whether New Zealand deserves more of the credit for the billion-dollar company’s success, with Chris Keall in the New Zealand Herald querying descriptions of Rocket Lab as an “American start-up”.
However, there is another side to Rocket Lab, one that raises questions about New Zealand’s – and ACC’s – support for the company.