Rocket Lab Unveils Germanium-Free Solar Cell for Satellites
Rocket Lab (RKLB) announced the launch of a new solar cell called IMM Apex, designed to power satellites more efficiently and without using germanium. The product offers 31.5% conversion efficiency while reducing weight by 40%, making it compatible with existing spacecraft designs. This innovation is significant because China controls most global refined germanium supply, which has influenced procurement decisions in the space industry for years. The stock initially rose on Wednesday morning but reversed course and closed down nearly 4.25% amid broader declines across space stocks linked to a SpaceX share unlock event. Rocket Lab's shares have fallen over 55% from their May peak and are currently trading at around $63, with an average analyst price target of $111 suggesting potential upside. Despite the stock’s recent struggles, analysts remain optimistic about its long-term prospects. The new solar cell builds on technology used in NASA's Ingenuity Mars helicopter and powers over 1,100 satellites today.
Tickers: $RKLB
Topics: germanium supply chain Rocket Lab satellite tech solar cells