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Ownership Report - February 1, 2021
Millennium affiliates report 8.6% passive ownership in Vector Acquisition SPAC pre-Rocket Lab merger.
Brief
This SC 13G/A amendment discloses Millennium Management affiliates' beneficial ownership of 2,584,094 Class A ordinary shares (8.6%) in Vector Acquisition Corp as of Dec 31, 2020. Holdings span shares and units via entities like Integrated Core Strategies and ICS Opportunities. As a passive investor filing, it signals no control intent; relevant for Rocket Lab investors as Vector was the SPAC that merged with Rocket Lab in 2021.
Detailed Brief
Schedule 13G/A Amendment No. 1 reports passive beneficial ownership exceeding 5% in Vector Acquisition Corporation (CUSIP G9442R126), a Cayman Islands SPAC that merged with Rocket Lab USA in August 2021 to form NASDAQ: RKLB. As of December 31, 2020, affiliates of Millennium Management LLC, including Integrated Core Strategies (US) LLC (1,004,094 shares equiv., 3.3%), Riverview Group LLC (600,000 shares, 2.0%), and ICS Opportunities Ltd. (980,000 shares equiv., 3.3%), collectively control 2,584,094 Class A ordinary shares (8.6% of 30M outstanding per Nov 2020 10-Q). Millennium entities share voting/dispositive power; Israel A. Englander is the ultimate control person via trusts. Filed under Rule 13d-1(c) with certification of no intent to influence control. This pre-merger disclosure highlights institutional interest in the SPAC targeting aerospace/space assets like Rocket Lab.
Key Telemetry
- • Millennium affiliates beneficially own 2,584,094 Class A shares/units equivalent (8.6%) as of Dec 31, 2020.
- • Breakdown: Integrated Core Strategies 1,004,094 (3.3%), Riverview 600,000 (2.0%), ICS Opportunities 980,000 (3.3%).
- • Passive investment; no sole voting/dispositive power, shared among group.
- • Vector SPAC merged with Rocket Lab in 2021; these holdings converted to RKLB shares.
- • No control intent certified.
Impact Vector
For Rocket Lab (RKLB) investors, this 2021 pre-merger filing shows prominent hedge fund Millennium Management held an 8.6% passive stake in the Vector SPAC, indicating strong institutional backing ahead of the deal. Near-term implications are historical, with no current activism risk per 13G certification. Strategically neutral but positive signal of pre-merger confidence; monitor future 13D/G filings or 13F for ongoing position changes, potential selling post-merger, or shifts to active stance.