Stake Says ‘Cheers!’ As Investors Gear Up For Rocket Lab IPA

From the Māhia Peninsula to Wall Street, Stake takes a moment to recognise the astronomical rise of this Kiwi success story with the perfect celebratory drink; The IPO IPA.

Mission complete! With Rocket Lab planned to land on the US stock market on Monday 23 August, leading digital brokerage Stake is taking a moment to reflect on what a giant leap this is, not only for the business, but for New Zealand’s role in the future of how we use space to drive communications, patrol borders and monitor things like global warming.

“More than scientific discovery, today, space represents a significant commercial opportunity. The kicker is that it’s a hugely expensive endeavour, making technology and innovation such vital components to compete. Rocket Lab really represents New Zealand’s enterprising nature and ability to punch above its weight. The mission names also showcase its humour!” says Matt Leibowitz, Founder of Stake.

The space economy has seen a boom among Kiwis, with an estimated US$21m being invested through the Stake platform across the likes of Virgin Galactic, ARKX and Iridium, and Leibowitz is eager to see how Rocket Lab takes off in its homeland after it lists.

“We’ve seen over US$1.3m invested in Rocket Lab, which has been trading as Vector Acquisition Corp (a SPAC) until now. Kiwis love to get in behind their own success stories and we’ve been blown away with their interest in it so far.”

To say cheers to this historical Kiwi moment, Stake has created the perfect beer - an IPO IPA - in partnership with Urbanaut Brewery. Dubbed ‘Moon Hopper’, it pays tribute to the Rocket Lab company and the business of space.

“Like Rocket Lab, we’re a Kiwi-born business with aspirations to reach the stratosphere, so it felt right to partner with Stake to celebrate this cheers-worthy Kiwi moment. For this limited release, our aim was to create a classic Kiwi, Hazy IPA beer but with a Rocket Lab twist.” says Bruce Turner, Chief Brewer at Urbanaut.

“Golden Peaches were the first fruit eaten on the moon, so to give it a space flavour, we‘ve added a touch of natural Napier peaches sourced just a few hours down the road from the Māhia Peninsula,” says Turner.

The beer will be distributed to Kiwi businesses and co-working spaces, just in time for beer o’clock, so more New Zealanders can raise a can (or glass) and join in the celebrations. And, all new Stake customers that sign up using the promotion code ‘RKLB’, and fund their account will receive $10 of free Rocket Lab stock. For more information visit the website hellostake.com/nz/rocketlab

“We think Moon Hopper is going to take off, just like Rocket Lab. The US offers lots of opportunity for both Rocket Lab and Kiwi retail investors. The size and breadth of the market means there is more liquidity for both companies listing there and individuals investing there. There’s also a great diversity of opportunities there, like Allbirds, which is another great Kiwi company looking to list in the US.” says Leibowitz.

“We’re excited to see what opportunities the IPO unlocks for the Rocket Lab team, and we’re even more excited to give our Kiwi customers the opportunity to back the business by investing in it from day one.”

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