News Formal

Khosla Ventures $28 million investment in Rocket Lab is now worth about $1.7 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Khosla Ventures, the Silicon Valley venture capital firm founded by Vinod Khosla, made multiple early bets on Rocket Lab that are paying off enormously.

Khosla Ventures invested $28.2 million across several Rocket Lab funding rounds between 2013 and 2020, according to an SEC disclosure on Tuesday.

Khosla is among a number of investors benefiting from a flurry of space companies going public this year, with six having begun trading and several more expected before the end of 2021.Rocket Lab

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Intel Plans Investment of Up to $95 Billion in European Chip-Making Amid U.S. ExpansionIntel plans to build new chip-making facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing capacity at a time of a global chip-supply crunch
Source: WSJ - 🏆 98. / 63 Read more »