Baillie Gifford & Co. purchased 5,725,536 additional shares of Rocket Lab.
The acquisition increased the firm's total stake by 47.2% to 17,851,446 shares.
This position represents 3.34% of the company and is valued at approximately $1.245 billion.
Rocket Lab now ranks as the 22nd largest holding in Baillie Gifford’s portfolio.
The investment follows regulatory approval for Rocket Lab’s acquisition of Mynaric.
The company also recently secured several new multi-launch contracts.