Rocket Lab Closes Acquisition of Space Solar Power Products Company SolAero Holdings, Inc.
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Business Wire
Rocket Lab now operates the world’s largest production line of high-performing space solar cells LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it has closed the previously-announced transaction to acquire SolAero Holdings, Inc. (SolAero), a premier supplier of space solar power products and precision aerospace structures for the global aerospace market, for $80 million in cash. Rocket Lab announced the execution of the agreement to acquire SolAero on December 13, 2021 pending certain closing conditions.The acquisition aligns with Rocket Lab’s growth strategy of vertical integration to deliver a comprehensive space solution that spans spacecraft manufacture, satellite subsystems, flight software, ground operations, and launch. As one of only two companies producing high-efficiency, space-grade solar cells in the United States, SolAero’s space solar cells
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RKLB
News
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- Rocket Lab Wins Space Force Contract -- at Twice the Usual Price [Yahoo! Finance]Yahoo! Finance
- Why Rocket Lab Stock Is Blasting Higher Today [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts Think Rocket Lab USA (RKLB) Is a Good Investment: Is It? [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 2/27/24 - Miss
RKLB
Sec Filings
- 4/18/24 - Form 8-K
- 3/13/24 - Form SC
- 3/13/24 - Form 4
- RKLB's page on the SEC website