Form 8-K · Current Report · Filed 2024-11-29
Rocket Lab Secures $23.9M Award to Boost Semiconductor Manufacturing
Rocket Lab USA, Inc. announced on November 25, 2024, that it has secured a $23.9 million award from the U.S. Department of Commerce under the CHIPS and Science Act to enhance its compound semiconductor manufacturing capabilities at its Albuquerque, New Mexico facility. This funding will support the development of advanced space-grade solar cells, essential for national security and commercial satellite applications. The investment aims to expand production capacity, create skilled jobs, and stimulate economic growth in New Mexico.
- Filer
- Rocket Lab USA Inc. RKLB · NASDAQ
- Filed
- Accession
- 0000950170-24-131909
- CIK
- 0001819994
- Signal
- High impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$25.67
Next session
-5.9%
Since filing
+153.0%
Latest close
$64.94
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from RKLB reporting the same item, with the next session's move:
Exhibits (1)
About Rocket Lab USA Inc.
Rocket Lab USA Inc. is an innovative aerospace company specializing in the manufacture and launch of small satellite launch vehicles. The company's primary purpose is to facilitate rapid and reliable access to space, a crucial service as the demand for satellite deployment grows across numerous industries. Through its Electron launch vehicle and recently developed Neutron rocket, Rocket Lab USA Inc. impacts sectors such as telecommunications, earth observation, space research, and national defense. Additionally, Rocket Lab develops and provides small satellite solutions, including satellite components, and services for end-to-end space missions. Founded in 2006 and headquartered in Long Beach, California, the company has established itself as a significant force in the commercialization of space, supporting new space ventures and contributing to technological advancements. By reducing costs and providing frequent launch opportunities, Rocket Lab USA Inc. plays a vital role in furthering the accessibility of space exploration and satellite management.
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