Rocket Lab Inks Its Biggest Satellite Launch Contract Ever [Yahoo! Finance]
BlackSky Technology Inc. Class A (BKSY)
Company Research
Source: Yahoo! Finance
Earlier this month, the satellite-launch company scored a bit of a coup when it parlayed a 2021 purchase of a tiny solar power company -- SolAero Holdings -- into nearly $50 million in U.S. CHIPS Act and other government subsidies. Solar cells are specialty semiconductors, and that means that SolAero's solar cells, tailored to produce electric power for spacecraft in orbit, are also chips the government can subsidize. Abracadabra, Rocket Lab just made back $50 million of the $80 million it spent to buy SolAero, courtesy of U.S. taxpayers -- and even that wasn't the biggest news for Rocket Lab this month. Its largest satellite launch contract ever On June 7, Rocket Lab announced it had won a contract to launch five rockets for French Internet of Things (IoT) company Kineis. Each of these rockets will in turn carry five Kineis satellites. So by the time this contract is complete, Rocket Lab will have put a constellation of 25 Kineis satellites into orbit -- the biggest such const
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BKSY
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- 5/8/24 - Miss
BKSY
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- BKSY's page on the SEC website