Tuesday, December 14, 2021

Rocket Lab Acquires SolAero

Long Beach-based Rocket Lab announced late Monday that it has acquired SolAero Holdings, a supplier of solar power products and precision aerospace structures for the global aerospace market. The company said it paid $80M in cash for SolAero. Rocket Lab said the deal will add a production line of high performing, space solar cells to its space systems business. SolAero was founded in 1998, and was headquartered in Albuquerque, New Mexico. Rocket Lab said SolAero's solar cells have been using in more than 1,000 successful space missions.