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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