Rocket Lab's stock has been an investor's dream, skyrocketing 495% in the past year, 479% in six months, and 125% in just the last month.

The Department of Commerce has finalized federal funding for two more recipients under the CHIPS and Science Act. One of those is Rocket Lab, which has secured up to $23.9 million in funding to boost production of space-grade solar cells that power satellites and spacecraft.

The Commerce Department is hurrying to finalize federal subsidies to semiconductor manufacturers to ensure domestic sources of the vital computer processors.

Check out the progress of the Commerce Department's funding incentives for manufacturing chips vital to national security and space.

The US Department of Commerce has awarded two significant grants under the CHIPS Incentives Program. The funding will go to BAE Systems and Rocket Lab to advance the country's supply chain security in vital defense and space industry components.

The US government is investing in chip production. BAE Systems will receive $35.5 million to increase chip production for F-35 jets and satellites. Rocket Lab will get $23.9 million to boost solar cell production for space programs.