Rocket Lab Announces $8 Billion Acquisition of Iridium Communications
Rocket Lab has agreed to acquire Iridium Communications for approximately $8 billion in a cash-and-stock deal valued at $54 per share. The acquisition will expand Rocket Lab's vertically integrated space business by adding access to Iridium’s satellite constellation and L-band spectrum, enhancing its competitive position against SpaceX's Starlink.
Topics: corporate strategy satellite communications space industry