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Rocket Lab acquired SolAero Technologies Inc. in 2022.
Rocket Lab acquired SolAero Technologies Inc. in 2022.
Rocket Lab acquired the Albuquerque solar cell factory from SolAero Technologies in 2022 as part of its diversification into space systems.
SolAero Technologies received a contract from Maxar in 2019 to design and manufacture the solar panels for the Power and Propulsion Element.
SolAero Technologies Inc., acquired by Rocket Lab, was awarded a contract in 2019 from Maxar to design and manufacture the solar panels for Gateway.
Rocket Lab acquired SolAero Technologies in January 2022.
Rocket Lab acquired SolAero Technologies Inc in January 2022.
Rocket Lab acquired SolAero Technologies Inc. in January 2022.
SolAero was acquired by Rocket Lab in January 2022.
SolAero has produced solar cells, solar panels, and composite structural products for more than 1,000 successful space missions with 100% reliability.
Rocket Lab completed the $80,000,000 acquisition of solar power system manufacturer SolAero Technologies in January.
Rocket Lab acquired software developer ASI, satellite separation systems developer Planetary Systems Corporation, and solar panel and structures manufacturer SolAero in the fourth quarter of 2021.
SolAero was selected to supply Solar Power Modules for the Power and Propulsion Element of NASA’s Gateway as part of NASA’s Artemis lunar exploration plans.
Rocket Lab closed the transaction to acquire SolAero Holdings, Inc. for $80,000,000 in cash.
SolAero’s solar cells, solar panels, and composite structural products have supported more than 1,000 successful space missions with 100% mission success to date.
SolAero’s Albuquerque production facilities have 154,696 square feet (14,372 m²) of production space.
The SolAero acquisition follows Rocket Lab’s acquisition of ASI Aerospace LLC in October 2021, Planetary Systems Corporation in December 2021, and Sinclair Interplanetary in April 2020.
Rocket Lab executed the agreement to acquire SolAero on 2021-12-13 pending certain closing conditions.
Rocket Lab will pay $80,000,000 in cash for Albuquerque, New Mexico-based SolAero.
The addition of SolAero’s 425-strong team brings Rocket Lab’s total headcount to more than 1,100 employees across facilities in California, Virginia, Colorado, Maryland, Toronto, New Zealand, and Albuquerque, New Mexico.