Trinity Capital Provides $120 Million Equipment Financing to Rocket Lab
Trinity Capital Provides $120 Million Equipment Financing to Rocket Lab
Will Finance Additional Manufacturing Needs, R&D
Rocket Lab has received a $120 million cash infusion from Trinity Capital for equipment financing. This financing comes on the heels of Rocket Lab's $515 million contract with the Space Development Agency to design, develop, produce, test, and operate 18 satellites.
"We look forward to supporting the Rocket Lab team and providing equipment financing to further fuel the growth of manufacturing needs in the U.S."
Kyle Brown, Trinity Capital
The new debt facility from Trinity will be used to fuel Rocket Lab's expansion plans by financing additional manufacturing capacity, testing equipment, and R&D.
"Our partnership with Rocket Lab underscores our commitment to fostering groundbreaking technologies and advancing the capabilities of companies at the forefront of space innovation," said Kyle Brown, CEO of Trinity. "We look forward to supporting the Rocket Lab team and providing equipment financing to further fuel the growth of manufacturing needs in the U.S."
"As we continue scaling our launch and space systems businesses to meet the growing demand for space services, we're pleased to partner with the dedicated team at Trinity to accelerate our expansion," said Adam Spice, Rocket Lab Chief Financial Officer. "This partnership enables us to build on the strong momentum as an established leading launch provider, and now also a satellite prime contractor, delivering reliable space services to a growing base of commercial and government customers."