” “Rocket Lab’s Space-Grade Solar Cell Production Receives $24M Boost from Biden Administration”
The funding, which would go to Rocket Lab subsidiary SolAero Technologies, would help increase the company’s compound semiconductor production by 50% within the next three years.
The funding would help the company build out its Albuquerque-based facilities and create more than 100 direct manufacturing jobs, Rocket Lab said in a statement.
Rocket Lab acquired SolAero, which operates a ~115,000-square-foot manufacturing facility, in 2022 for $80 million.
The company is one of just two in the United States that specializes in the production of space-grade, radiation-resistant compound semiconductors, or space-grade solar cells.
SolAero is highly vertically integrated: In addition to the solar cells, the firm also manufactures solar panels and power modules.
