Rocket Lab to Acquire Iridium Communications for $8 Billion
Rocket Lab has announced plans to acquire satellite telecom company Iridium Communications in a cash-and-stock deal valued at $8 billion. The acquisition aims to integrate Rocket Lab's launch and manufacturing capabilities with Iridium’s global L-band spectrum and low-Earth-orbit network, which serves over 2.55 million subscribers across various sectors.
Topics: acquisitions satellite communications space industry