VACQ at Ascending Trend Line SupportVACQ is currently at ascending trend line support within a broadening wedge pattern.
If you're a believer in this company this may be a great area to add shares.
VACQ
VACQ: Vector Acquisition and Rocket Lab mergerNASDAQ:VACQ
I spot a nice triangle (or wedge?) signaling a major breakout. No idea if it's to really to the upside but my guess is that it's going green. There's that recent announcement that Rocket Lab is going public via SPAC called Vector Acquisition (VACQ) is promising. This IPO could be a game-changer. I'm still researching the company but they seem to have a lot of potential. Who knows!
Do your own research. This isn't financial advice and I'm not a financial advisor. I am not a cat.
References: www.rocketlabusa.com
Buy SPAC VACQ rocket labs mergerBuying the SPAC VACQ here rocket labs merger (depending on the open price today). Breakaway gap in play here.
This is a buy and hold not a short term trade. I like the sector and the company fundamentals.
finance.yahoo.com
"Vector Acquisition Corporation (Nasdaq: VACQ) is a blank check company led by veteran technology investor Alex Slusky. ... The company leverages the full resources of Vector Capital to transform operations and accelerate growth of its target investments"
Feel free to follow this trade and leave comments if you have any good info please
Rocket Lab to Become Publicly Traded Through Merger with $VACQRocket Lab, an End-to-End Space Company and Global Leader in Launch, to Become Publicly Traded Through Merger with Vector Acquisition Corporation.
End-to-end space company with an established track record, uniquely positioned to extend its lead across a launch, space systems and space applications market forecast to grow to $1.4 trillion by 2030
One of only two U.S. commercial companies delivering regular access to orbit: 97 satellites deployed for governments and private companies across 16 missions.
Transaction will provide capital to fund development of reusable Neutron launch vehicle with an 8-ton payload lift capacity tailored for mega constellations, deep space missions and human spaceflight
Proceeds also expected to fund organic and inorganic growth in the space systems market and support expansion into space applications enabling Rocket Lab to deliver data and services from space
Business combination values Rocket Lab at an implied pro forma enterprise value of $4.1 billion. Pro forma cash balance of the combined company of approximately $750 million at close
Rocket Lab forecasts that it will generate positive adjusted EBITDA in 2023, positive cash flows in 2024 and more than $1 billion in revenue in 2026
Group of top-tier institutional investors have committed to participate in the transaction through a significantly oversubscribed PIPE of approximately $470 million, with 39 total investors including Vector Capital, BlackRock and Neuberger Berman.
finance.yahoo.com
