Rocket Lab s $6b Nasdaq listing: Three potential problems
5 Mar, 2021 04:00 PM
8 minutes to read Rocket Lab is gearing up for its US$4.1 billion ($5.7b) Nasdaq listing during the second quarter, through which it will raise US$750m - much of it earmarked to fund a larger medium-lift rocket, the Neutron, due to blast off in 2024.
Rocket Lab founder and chief executive Peter Beck this week revealed details of the giant new rocket and said it was an exciting time for the company. We ve been on this path for a while, and it s great to finally bring Rocket Lab to the public.
Union fears more job losses at Refining NZ in Northland
19 Feb, 2021 04:00 PM
3 minutes to read
First Union fears more than 90 people could lose their jobs at Refining New Zealand as demand for fuel plummets.
Photo / John Stone
First Union fears more than 90 people could lose their jobs at Refining New Zealand as demand for fuel plummets.
Photo / John Stone
Imran Ali is a reporter for the Northern Advocateimran.ali@nzme.co.nznorthernadvocat
A union representing the bulk of unionised members at Refining New Zealand fears the eventual job losses could be more than the 90 currently earmarked as the company scales back production.
The earmarked amount is a 12 per cent rise from 2020 and focuses on basic scientific research as well as new technologies, such as artificial intelligence (AI) and 6G wireless networks.The