All verified mentions of this organization in source documents.
Rocket Lab USA, Inc. signed a definitive agreement to acquire SolAero Holdings, Inc. for $80,000,000 in cash.
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.
SolAero’s team will continue to be led by President and CEO Brad Clevenger at SolAero’s 154,696-square-foot (14,372 m²) production facilities in Albuquerque, New Mexico.
SolAero’s solar cells, solar panels, and composite structural products have supported more than 1,000 successful space missions with 100% reliability and mission success to date.
The SolAero merger is Rocket Lab’s third proposed acquisition announced in 2021 following the acquisition of ASI Aerospace LLC in October 2021 and the completion of Planetary Systems Corporation in December 2021.
SolAero supplied solar power systems for several Cygnus cargo resupply missions to the International Space Station.
SolAero invested $10,000,000 to expand its manufacturing facilities with OneWeb as its anchor customer.
SolAero can build and test up to roughly 60 square meters of solar arrays per month.
SolAero Technologies began working with OneWeb in 2014 and secured a manufacturing contract from OneWeb Satellites in 2016.