Rocket Lab will begin construction on the Neutron Production Complex in Virginia soon.
Rocket Lab
Shortly after the announcement, MDA has signed an agreement with Rocket Lab to build the bus systems for the new Globalstar satellites.
SolAero's New Mexico production facilities will continue to be run by President and CEO Brad Clevenger.
Using methane and liquid oxygen propellants, Neutron will be powered by a new engine called Archimedes.
Rocket Lab will receive approximately $777m, before transaction expenses, from the SPAC and a current private investment in public equity (PIPE) round.
Under the terms of its agreement with Rocket Lab, AuroraSat will send the 1.5U CubeSat on an Electron rocket carrying other satellites.
The first Varda Photon is planned for delivery in Q1 2023, with the second to follow later in the year and a third in 2024.
