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Ownership Report - October 2, 2020
BlueCrest Capital discloses 6.7% passive stake in Vector Acquisition Corp SPAC.
Brief
This SC 13G filing reports BlueCrest Capital Management Limited and Michael Platt's beneficial ownership of 2,000,000 Class A shares (6.7%) in Vector Acquisition Corp as of Sep 25, 2020. Filed under passive investor Rule 13d-1(c), it certifies no intent to control. Relevant for Rocket Lab investors as Vector merged with Rocket Lab in 2021 to form RKLB.
Detailed Brief
Schedule 13G filed Oct 2, 2020, discloses initial 5%+ ownership in Vector Acquisition Corp, a SPAC that merged with Rocket Lab USA in 2021, enabling RKLB's public debut. BlueCrest Capital Management Ltd (Jersey-based) and principal Michael Platt beneficially own 2,000,000 Class A common shares (CUSIP G9442R126) held for fund Millais Limited, representing 6.7% of 30M outstanding shares per Sep 28, 2020 Form 424B4. They share voting/dispositive power (0 sole). Certification confirms passive holding, not for control or influence. Early stake by prominent hedge fund signals institutional interest in SPAC ahead of Rocket Lab merger, tied to space launch business.
Key Telemetry
- • BlueCrest Capital & Michael Platt own 2M shares (6.7%) of Vector Class A stock as of Sep 25, 2020.
- • Passive investment under Rule 13d-1(c); no control intent.
- • Shares held for Millais Limited fund.
- • Vector SPAC merged with Rocket Lab in 2021 to create RKLB.
Impact Vector
This historical filing shows early hedge fund backing for Vector SPAC, precursor to RKLB, indicating pre-merger confidence in Rocket Lab's prospects. As passive, no activist risk; positive signal for long-term investors. Monitor BlueCrest's current holdings via 13F filings for ongoing support amid RKLB's launch cadence growth.