XML 68 R59.htm IDEA: XBRL DOCUMENT v3.21.2
Related Party Transactions - Additional Information (Detail) - USD ($)
1 Months Ended 3 Months Ended 5 Months Ended 6 Months Ended
Oct. 20, 2020
Sep. 24, 2020
Jul. 30, 2020
May 18, 2020
Sep. 14, 2018
Oct. 20, 2020
Sep. 24, 2020
Jul. 30, 2020
Mar. 31, 2019
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2021
Dec. 31, 2019
Related Party Transactions (Details) [Line Items]                          
Aggregate shares     1,125,000         1,125,000          
Conversation of founder shares percentage     20.00%         20.00%          
Forfeited founder shares 625,000         625,000              
Outstanding amount of founder Shares 8,000,000         8,000,000              
Business combination, description                     (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Public Shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earliest of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Public Shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.  
Office space administrative   $ 10,000         $ 10,000            
Price per share $ 10.00         $ 10.00       $ 11.50 $ 11.50 $ 11.50  
Gross proceeds                       $ 467,000,000  
Servicing Fee                   $ 30,000   60,000  
Accrued Expenses                   $ 60,000 $ 32,000 $ 60,000  
Unsecured Promissory Note [Member]                          
Related Party Transactions (Details) [Line Items]                          
Aggregate principal amount               $ 300,000          
Outstanding amount of promissory note                     $ 300,000    
Private Placement Warrant [Member]                          
Related Party Transactions (Details) [Line Items]                          
Business combination, description                     The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. As of December 31, 2020, the Company had no outstanding borrowings under the Working Capital Loans. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. As of June 30, 2021 and December 31, 2020, the Company had no outstanding borrowings under the Working Capital Loans.  
Series E preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Issuance of redeemable preferred stock, value         $ 137,739                
Class B ordinary shares [Member]                          
Related Party Transactions (Details) [Line Items]                          
Sale of Stock, number of shares issued in transaction     8,625,000         8,625,000          
Founder Shares [Member]                          
Related Party Transactions (Details) [Line Items]                          
Amount of sponsor paid     $ 25,000         $ 25,000          
Aggregate shares 500,000         500,000              
Rocket Lab USA, Inc.                          
Related Party Transactions (Details) [Line Items]                          
Beneficial ownership percentage                   5.00% 5.00% 5.00%  
Related party transaction, due from (to) related party                   $ 0 $ 0 $ 0 $ 0
Rocket Lab USA, Inc. | Common Stock [Member]                          
Related Party Transactions (Details) [Line Items]                          
Price per share                 $ 23.6487        
Sale of aggregate, shares                 625,564        
Gross proceeds                 $ 14,300,000        
Stock repurchased during period, shares                 422,857        
Related party transaction, due from (to) related party                 $ 10,000,000        
Rocket Lab USA, Inc. | Series E preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Aggregate shares         4,368,313                
Issuance of redeemable preferred stock, share         334,267                
Price per share         $ 31.5316                
Issuance of redeemable preferred stock, value         $ 137,739,000                
Rocket Lab USA, Inc. | Series E 1 preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Issuance of redeemable preferred stock, share       650,140                  
Price per share       $ 31.5316                  
Issuance of redeemable preferred stock, value       $ 20,500,000                  
Rocket Lab USA, Inc. | Affiliated Entity [Member] | Series E preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Issuance of redeemable preferred stock, share         334,267                
Issuance of redeemable preferred stock, value         $ 10,539,000                
Rocket Lab USA, Inc. | Affiliated Entity [Member] | Series E 1 preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Issuance of redeemable preferred stock, share       142,713                  
Issuance of redeemable preferred stock, value       $ 4,499,000                  
Rocket Lab USA, Inc. | As Previously Reported [Member] | Series E 1 preferred stock                          
Related Party Transactions (Details) [Line Items]                          
Issuance of redeemable preferred stock, value       $ 20,499,000