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Rocket Lab to Acquire Space Solar Power Provider

Frank Wolfe Frank Wolfe
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Rocket Lab to Acquire Space Solar Power Provider
On Dec. 9, a Rocket Lab Electron rocket carried into orbit two BlackSky Gen-2 Earth-imaging satellites (Rocket Lab Photo)

As California-based Rocket Lab [RKLB] looks to provide its Neutron rocket for future U.S. Space Force launches, the company on Dec. 13 took a step toward alternative power sources when the company said it plans to buy for $80 million New Mexico-based SolAero, a marquee supplier of space solar power products. Rocket Lab said it expects to seal the deal early next year--an acquisition that may give the firm some leverage, as Pentagon officials look to more environmentally-friendly systems. "The…

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