Rocket Lab Secures $50M in Federal and State Funding to Boost Space-Grade Solar Cell Production

The investment aims to increase compound semiconductor output by 50% and create over 100 jobs in New Mexico.

Rocket Lab signs a preliminary memorandum of terms with the Department of Commerce for $23.9M under the CHIPS Act.
New Mexico commits an additional $25.5M in financial assistance and incentives for the expansion project.
The funding will help Rocket Lab meet growing demand from U.S. military, NASA, and commercial space sectors.
The expansion will enhance the supply of space-grade solar cells crucial for national security and scientific missions.
Rocket Lab plans to claim a 25% investment tax credit to support its capital expenditures.