A physicist says a SpaceX rocket may have punched a temporary hole in the ionosphere.The ionosphere is where Earth s atmosphere meets space.A space physicist
That was because of what Deloitte described as a “history of recurring losses from operations, negative cashflows from operations and a significant accumulated deficit”. Vector shareholders will vote on August 20 on a proposal to merge with the Kiwi-founded business, turning Rocket Lab into a publicly-listed firm. Vector said in its filing that it expected net losses to continue “for the next several years”. But it said there was a significant market opportunity for Rocket Lab that it intended to capitalise on by continuing to invest aggressively. Although the auditor’s warning may sound ominous, United States technology news website Ars Technica said the losses and warnings were unlikely to cool the appetite of investors in Rocket Lab, noting that the initial public offering would provide Rocket Lab with about US$467m in cash.
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