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Business/Financial

Rocket Lab Closes $80 Million Acquisition Of SolAero

By Cal Biesecker

Thursday, January 20th, 2022

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Rocket Lab Closes $80 Million Acquisition Of SolAero

SolAero's products include inverted metamorphic space solar cells. Photo: Rocket Lab

Rocket Lab USA [RKLB] this week said it has completed its $80 million cash acquisition of SolAero Holdings in a deal that adds scalable solar space power products to its portfolio, fitting with its strategy to be a vertically integrated provider of space solutions. Rocket Lab, which is based in California, said SolAero gives it the world’s largest production lines for space-grade solar cells, which are used in civil, science, defense, intelligence and commercial markets. As part of Rocket Lab,…

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