Rocket Lab nabs Biden funding

(Image: Supplied)

Tue, 26 Nov 2024

Rocket Lab has hit a milestone by launching two Electron rockets within 24 hours.The New Zealand-American firm also said on Tuesday it had finalised US$23.9 million (NZ$41.3m) in Biden administration “Chips Act” funding.Proposed recipients of funding under the legislation, designed to boost US high-tech manufacturing against Asian competition, have been racing to secure funding after Donald Trump criticised it as “so bad” during an October interview with Joe Rogan.Rocket Lab shares looked poised to cl...

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