Rocket Lab USA, Inc. (RKLB) 的股权结构汇总
$Rocket Lab(RKLB.US)’s equity structure exhibits the characteristics of **"heavy institutional holdings, founder control (influence), early venture capital gradually exiting but still holding a significant portion"**.
As of the latest data in December 2025, here is a detailed summary of RKLB’s institutional ownership and core team holdings:
1. Institutional Ownership Overview
Institutional investors currently hold approximately 50%-60% of RKLB’s outstanding shares. Among them, traditional asset management giants (e.g., Vanguard, BlackRock) are the primary buyers, with recent signs of significant accumulation.
Top Institutional Holders
These are typical "big money" players, primarily holding through ETFs or actively managed funds:
Institution | Ownership % (approx.) | Style/Notes | Recent Activity (2025 Q3-Q4) |
|---|---|---|---|
Vanguard Group | 7.8% | Passive/Index | Increased holdings. As the largest pure institutional shareholder, primarily holds through its Total Stock Market and Small-Cap ETFs. |
BlackRock | 5.9% | Passive/Index | Significantly increased holdings (+38%). Reflects passive capital’s demand for RKLB’s inclusion in more indices. |
Capital Research Global Investors | 2.7% | Active Management | Long-term value investment style, holds substantial shares. |
State Street | 2.3% | Passive/Index | Steady accumulation. |
Baillie Gifford | 2.3% | Growth-Oriented Aggressive | Significantly increased holdings (+176%). BG is known for investing in disruptive tech stocks like Tesla, and its heavy accumulation is often seen as a strong endorsement of RKLB’s long-term growth potential. |
Key Trend: Recent institutional activity (especially Baillie Gifford and BlackRock) is primarily buying, contrasting with insider selling, indicating Wall Street’s bullish outlook on RKLB’s long-term prospects.
2. Strategic & VC Holders
These shareholders are typically classified as "insiders" or "affiliates" as they are early investors, often holding board seats.
Khosla Ventures: Holds approximately 7% - 10%. As one of the earliest venture investors, Khosla still holds a massive stake, making it one of the largest external single shareholders.
Bessemer Venture Partners: Holds approximately 10%. Another early core supporter with an extremely high ownership ratio.
Note: These two VC firms hold substantial stakes that any selling activity would typically pressure the stock short-term, but they currently maintain their core positions.
3. Core Team & Insiders
As of late 2025, insider holdings (executives + directors) are concentrated in founder Peter Beck. Recently, the executive team has generally been in a **"periodic selling"** mode.
Key Figure: Peter Beck (Founder & CEO)
Ownership Status: Absolute core. Despite recent sales, he controls about 10% - 11% of the company’s shares (~50M+ shares).
Recent Activity: Actively selling.
In mid-December 2025, Peter Beck executed a large-scale preset selling plan (Rule 10b5-1 plan) through his family trust (Equatorial Trust). SEC filings show the trust’s holdings were significantly reduced or even zeroed out after several block trades.
Interpretation: While "emptying the trust" sounds alarming, he still holds massive stakes through other means and remains marked as a "10% Owner" by regulators. Such sales are typically viewed as liquidity management rather than bearish sentiment.
Other Executives (Key Executives)
Beyond the CEO, other core executives have also been selling recently (mostly tax-related or lifestyle-driven post-exercise sales):
Name | Position | Recent Activity (2025 Q4) | Notes |
|---|---|---|---|
Adam Spice | CFO | Sold shares | Periodic partial sales. |
Frank Klein | COO | Sold shares | Multiple automatic sales in November. |
Arjun Kampani | SVP (General Counsel) | Sold shares | Continued small-scale sales. |
Merline Saintil | Director | Sold shares | Sold partial holdings in December. |
Summary & Insights
Chip exchange in progress: The current pattern is "early insiders (executives + VCs) gradually handing over chips to large institutions (BlackRock, Baillie Gifford)". This is a classic sign of a growth company maturing.
Focus areas:
Peter Beck’s ownership floor: As long as he maintains ~10% control, the market usually won’t panic; but if he sells too fast, retail confidence may suffer.
Baillie Gifford’s accumulation: This is the most positive signal now, indicating the famed "growth stock hunter" sees Tesla-like breakout potential in RKLB.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
