Rocket Lab USA (RKLB) to Receive up to $23.9M in Funding under CHIPS Act

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Go back to Rocket Lab USA (RKLB) to Receive up to $23.9M in Funding under CHIPS Act

Rocket Lab Signs Preliminary Terms to Receive up to $23.9M in Funding Under the CHIPS Act to Expand Production of Semiconductors that Power Spacecraft

June 11, 2024 5:27 AM EDT

The proposed investment would enable Rocket Lab to further expand in New Mexico, creating more jobs and increased manufacturing capacity of space-grade solar cells which are important components for national defense and security satellites

ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a global leader in launch services and space systems, today announced the signing of a non-binding preliminary memorandum of terms (PMT) with the Department of Commerce that would see Rocket Lab receive up to $23.9M in direct... More