DESCRIPTION OF THE BUSINESS (Tables)

12 Months Ended

Dec. 31, 2021

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Summary of reconciles the elements of the business combination to the condensed consolidated statement

The following table reconciles the elements of the Business Combination to the Condensed Consolidated Statement of Cash Flows and the Condensed Consolidated Statement of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) for the year ended December 31, 2021:

Cash - Vector Trust and cash, net of redemptions	$	310,330
Cash - PIPE Investment		467,000
Less: transaction costs and advisory fees paid		(49,075	)
Net proceeds from Rocket Lab Business Combination		728,255
Less: Accrued transaction costs		(27	)
Plus: Prepaid expenses assumed as part of Business Combination		219
Less: Warrants assumed as part of Business Combination		(48,149	)
Less: Repurchase of Management Shares		(30,358	)
Reverse recapitalization, net of transaction costs	$	649,940