Rocket Lab Agrees to Acquire Iridium Communications in $8 Billion Deal
Shares of Iridium Communications surged over 24% after Rocket Lab announced a deal to acquire the satellite-based network operator for $54 per share, valuing it at approximately $8 billion. The acquisition combines Rocket Lab's launch and manufacturing capabilities with Iridium's communications expertise.
Topics: mergers_and_acquisitions satellite_communications space_economy