Rocket Lab Announces $8 Billion Acquisition of Iridium Communications
Rocket Lab (RKLB) announced the acquisition of Iridium Communications (IRDM) for approximately $8 billion in a cash-and-stock deal, aiming to integrate its launch capabilities with Iridium's satellite communications system and customer base. The move is expected to strengthen Rocket Lab’s position in the space industry.
Topics: M&A space industry stock movement