The Department of Commerce has finalized federal funding for two more recipients under the CHIPS and Science Act. One of those is Rocket Lab, which has secured up to $23.9 million in funding to boost production of space-grade solar cells that power satellites and spacecraft.
The company, which launched its 200th satellite to orbit over the weekend, will use the money to upgrade its manufacturing plant in Albuquerque, New Mexico. The funding will create more than 100 jobs and the goal is to beef up Rocket Lab’s compound
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