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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 5 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2020 | Jun. 30, 2021 | Dec. 31, 2020
Schedule of basic and diluted net loss per ordinary share | The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):
|  | For the Period from July 28, 2020 (inception) Through December 31, 2020 |
Redeemable Class A Ordinary Shares |  |  |  |
Numerator: Earnings allocable to Redeemable Class A Ordinary Shares |  |  |  |
Interest Income |  | $ | 4,846 |
Net Earnings |  | $ | 4,846 |
Denominator: Weighted Average Redeemable Class A Ordinary Shares |  |  |  |
Redeemable Class A Ordinary Shares, Basic and Diluted |  |  | 31,553,191 |
Earnings/Basic and Diluted Redeemable Class A Ordinary Shares |  | $ | 0.00 |
|  | For the Period from July 28, 2020 (inception) Through December 31, 2020 |
Non-Redeemable Class B Ordinary Shares |  |  |  |
Numerator: Net Loss minus Redeemable Net Earnings |  |  |  |
Net Loss |  | $ | (12,341,951 | )
Redeemable Net Earnings |  | $ | (4,846 | )
Non-Redeemable Net Loss |  | $ | (12,346,797 | )
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares |  |  |  |
Non-Redeemable Class B Ordinary Shares, Basic and Diluted(1) |  |  | 7,732,484 |
Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares |  | $ | (1.60 | )
(1) | As of December 31, 2020, basic and diluted shares are the same as there are no non-redeemable securities that are dilutive to the shareholders.
| The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):
|  | Three Months Ended June 30, 2021 |  |  | Six Months Ended June 30, 2021 |
Redeemable Class A Ordinary Shares |  |  |  |  |  |  |  |
Numerator: Earnings allocable to Redeemable Class A Ordinary Shares |  |  |  |  |  |  |  |
Interest Income |  | $ | 4,863 |  |  | $ | 9,673 |
Redeemable Net Earnings |  | $ | 4,863 |  |  | $ | 9,673 |
Denominator: Weighted Average Redeemable Class A Ordinary Shares |  |  |  |  |  |  |  |
Redeemable Class A Ordinary Shares, Basic and Diluted |  |  | 32,000,000 |  |  |  | 32,000,000 |
Earnings/Basic and Diluted Redeemable Class A Ordinary Shares |  | $ | 0.00 |  |  | $ | 0.00 |
Non-Redeemable Class B Ordinary Shares |  |  |  |  |  |  |  |
Numerator: Net Loss minus Redeemable Net Earnings |  |  |  |  |  |  |  |
Net Loss |  | $ | (1,059,094 | ) |  | $ | (24,619,357 | )
Less: Redeemable Net Earnings |  |  | (4,863 | ) |  |  | (9,673 | )
Non-Redeemable Net Loss |  | $ | (1,063,957 | ) |  | $ | (24,629,030 | )
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares |  |  |  |  |  |  |  |
Non-Redeemable Class B Ordinary Shares, Basic and Diluted |  |  | 8,000,000 |  |  |  | 8,000,000 |
Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares |  | $ | (0.13 | ) |  | $ | (3.08 | )
Rocket Lab USA, Inc. |  |  |
Schedule of basic and diluted net loss per ordinary share |  | The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the six months ended June 30, 2021 and 2020:
|  | Six-Months Ended June 30, |
|  | 2021 |  |  | 2020 |
Numerator |  |  |  |  |  |  |  |
Net loss attributable to common shareholders-basic and diluted |  | $ | 32,547 |  |  | $ | 23,453 |
Denominator |  |  |  |  |  |  |  |
Weighted average common shares outstanding-basic and diluted |  |  | 8,708,271 |  |  |  | 8,178,946 |
Net loss per share attributable to common stockholders-basic and diluted |  | $ | 3.74 |  |  | $ | 2.87 |
| The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the years ended December 31:
|  | 2020 |  |  | 2019 |
Numerator |  |  |  |  |  |  |  |
Net loss attributable to common shareholders-basic and diluted |  | $ | 55,005 |  |  | $ | 30,360 |
Denominator |  |  |  |  |  |  |  |
Weighted average common shares outstanding-basic and diluted |  |  | 8,324,252 |  |  |  | 8,016,507 |
Net loss per share attributable to common stockholders-basic and diluted |  | $ | 6.61 |  |  | $ | 3.79 |
Schedule of estimated useful lives of property, plant and equipment |  |  | Property, plant and equipment, are stated at cost, less accumulated depreciation. Depreciation is calculated using a diminishing value method which approximates a double-declining method over the estimated useful lives of assets which are as follows:
Asset Category |  | Estimated Useful Lives
Buildings and improvements |  | 15 to 30 years
Machinery, equipment, vehicles and office furniture |  | 2 to 12 years
Computer equipment, hardware and software |  | 3 to 5 years
Launch site assets |  | 3 to 10 years
Leasehold improvements |  | Shorter of remaining lease term or estimated useful life

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