Rocket Lab is an end-to-end space company and launch service provider, specializing in small satellite launches with its Electron rocket, which has launched 63 times as of April 2025. They are also developing the larger Neutron rocket for constellation deployment. Rocket Lab provides complete space solutions including satellite design and manufacture, spacecraft components, and on-orbit management, serving commercial, civil, and defense markets, with major partners including NASA and the US Space Force. Key products include the Electron and Neutron rockets, Photon satellite bus, and various satellite components.
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Rocket Lab USA, Inc. (Nasdaq: RKLB) signed a non-binding preliminary memorandum of terms (PMT) with the U.S. Department of Commerce on 2024-06-11 in Albuquerque, New Mexico to receive up to $23,900,000 in direct funding under the CHIPS and Science Act.
Rocket Lab acquired SolAero Technologies Inc. in 2022.
The state of New Mexico has committed financial assistance and incentives with a total value of $25,500,000 to Rocket Lab in support of the Albuquerque expansion effort.
Rocket Lab signed a non-binding preliminary memorandum of terms with the U.S. Department of Commerce that could provide up to $23,900,000 in direct funding under the CHIPS and Science Act.
Rocket Lab plans to claim the U.S. Department of the Treasury’s Investment Tax Credit, which is expected to be up to 25% of qualified capital expenditures.
Rocket Lab secured $25,500,000 in financial assistance and incentives from the state of New Mexico for the project.
Rocket Lab’s Albuquerque, New Mexico facility produces space-grade solar cells used to convert light to electricity for spacecraft.
The funding will support expansion of Rocket Lab’s facility in Albuquerque, New Mexico that produces space-grade solar cells.
Rocket Lab acquired the Albuquerque solar cell factory from SolAero Technologies in 2022 as part of its diversification into space systems.
The U.S. federal government had made $29,500,000,000 in CHIPS grant awards to nine companies before Rocket Lab’s announcement, including multibillion-dollar awards to Intel, Micron, and Samsung.
Viasat acquired Inmarsat last year and has partnerships with Loft Orbital and Rocket Lab to provide LEO satellites for relay demonstrations with its geostationary fleet in Ka- and L-band.
A Rocket Lab demonstration slated for early 2026 will test space relay capabilities in Ka-band and telemetry, tracking and command services in L-band.
Rocket Lab USA, Inc. successfully completed the second of two Electron launches for NASA’s PREFIRE mission on 2024-06-05 from Launch Complex 1 in Mahia, New Zealand.
Rocket Lab’s Electron launch on 2024-05-25 was Rocket Lab’s 48th Electron launch overall and the company’s sixth mission of 2024.
Rocket Lab operates facilities in Virginia, New Mexico, and Maryland in the United States and in Toronto, Canada, with headquarters in New Zealand.
Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars and a private commercial mission to Venus.
Rocket Lab operates Launch Complex 1 at Māhia, New Zealand and has a private orbital launch site with two launch pads there plus a third launch pad in Virginia.
Rocket Lab has a market valuation of $2,000,000,000.
Rocket Lab’s Electron launch on 2024-06-05 was Rocket Lab’s 49th Electron launch overall and the company’s seventh mission of 2024.
Rocket Lab’s Electron delivered the CAPSTONE mission payload to the Moon and supported two back-to-back Electron launches for NASA’s TROPICS mission in May 2023.