Rocket Lab completed the acquisition of SolAero for $80m.

Rocket Lab, a company specializing in launch services and space system, completed the acquisition of SolAero, a supplier of space solar power products, for $80m. “SolAero has established itself as a premier provider of solar technologies and we are very excited to be joining forces. SolAero is a highly complementary addition to Rocket Lab’s vertically integrated business model, enabling us to deliver complete space mission solutions for our customers. With more than 1k successful missions under their belt, the team at SolAero have enabled trailblazing missions, providing space solar power solutions for the James Webb Space Telescope, and missions on Mars including InSight and Ingenuity. We are thrilled to be combining our innovative teams, industry-leading technologies, and strong resources to enable our customers to achieve incredible things in space," Peter Beck, Rocket Lab Founder and CEO.