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DESCRIPTION OF THE BUSINESS (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Standards Update and Change in Accounting Principle [Abstract]

Summary of reconciles the elements of the business combination to the condensed consolidated statement

The following table reconciles the elements of the Business Combination to the Condensed Consolidated Statement of Cash Flows and the Condensed Consolidated Statement of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) for the year ended December 31, 2021:

Cash - Vector Trust and cash, net of redemptions		$	310,330
Cash - PIPE Investment			467,000
Less: transaction costs and advisory fees paid			(49,075	)
Net proceeds from Rocket Lab Business Combination			728,255
Less: Accrued transaction costs			(27	)
Plus: Prepaid expenses assumed as part of Business Combination			219
Less: Warrants assumed as part of Business Combination			(48,149	)
Less: Repurchase of Management Shares			(30,358	)
Reverse recapitalization, net of transaction costs		$	649,940

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- References

No definition available.

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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