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FORM SC 13G
AI

Ownership Report - October 1, 2020

Filed October 1, 2020
·
0001319244-20-000136

Millennium Management discloses 8.4% passive stake in Vector Acquisition SPAC.

Brief

This SC 13G filing discloses affiliates of Millennium Management beneficially owning 2,520,000 Class A Ordinary Shares (8.4%) of Vector Acquisition Corp as of September 30, 2020, via units. Filed under Rule 13d-1(c) as a passive investment with no intent to influence control. Relevant to Rocket Lab investors as Vector was the SPAC that merged with Rocket Lab in 2021, indicating early hedge fund interest.

Detailed Brief

Vector Acquisition Corporation, a Cayman Islands SPAC targeting aerospace and defense, had this Schedule 13G filed on October 1, 2020, reporting a >5% passive stake by Millennium Management affiliates. As of September 30, 2020, they beneficially owned 2,520,000 Class A Ordinary Shares (8.4% of 30 million outstanding) through holding equivalent units (each unit: 1 share + 1/3 warrant). Ownership split: Integrated Core Strategies (US) LLC (940,000 shares, 3.1%), Riverview Group LLC (600,000, 2.0%), ICS Opportunities Ltd. (980,000, 3.3%). Control rests with Millennium entities and Israel A. Englander via shared voting/dispositive power. Certification confirms passive intent, not for control change. Vector merged with Rocket Lab in February 2021, converting these to RKLB shares, highlighting pre-merger institutional support.

Key Telemetry

  • Millennium affiliates own 2,520,000 Class A shares (8.4%) via units as of Sept 30, 2020.
  • Breakdown: ICS (940k, 3.1%), Riverview (600k, 2.0%), ICS Opportunities (980k, 3.3%).
  • Passive investment per Rule 13d-1(c); no control intent certified.
  • Vector SPAC merged with Rocket Lab (RKLB) in 2021.

Impact Vector

For Rocket Lab investors, this 2020 filing reveals early passive investment by major hedge fund Millennium in the pre-merger SPAC, signaling sector confidence but no activism. Near-term impact negligible today; strategically minor as position likely changed post-merger. Monitor 13D/G amendments or current 13F for ongoing ownership.

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