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Advanced / Transformational Technology

Rocket Lab In Line For $24 Million Federal Investment To Increase Space-Grade Solar Cell Production

By Cal Biesecker

Tuesday, June 11th, 2024

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Rocket Lab In Line For $24 Million Federal Investment To Increase Space-Grade Solar Cell Production

Rocket Lab solar cells. Photo: Rocket Lab

The Biden administration on Tuesday said it has reached a preliminary agreement with Rocket Lab [RKLB] to provide $23.9 million in federal investment to increase production of the company’s solar cells that power spacecraft and satellites. The preliminary memorandum of terms is non-binding and a final agreement will depend on the results of further due diligence and negotiations, the Department of Commerce said. The investment would boost the company’s production of compound semiconductors by 50 percent within the next three…

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