In a bold move, Rocket Lab acquires Iridium Communications
"We believe this will be one of the most transformative deals in the space industry."
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"We believe this will be one of the most transformative deals in the space industry."
"Where does the threshold live that an action necessitates some proportional reaction?"
The all-stock deal values Iridium at $8 billion, and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.
Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion. The deal will combine Rocket Lab's launch services and spacecraft manufacturing with Iridium's satellite-based communications network, putting it in a better position to challenge SpaceX. Iridium offers communications services to over 2.5 […]
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