Rocket Lab to buy Iridium Communications for $8B in cash-and-stock deal to build an end-to-end satellite services network
Rocket Lab agreed to acquire Iridium Communications in a cash-and-stock transaction valued at about $8 billion—at $54 per share—aiming to expand into satellite telecommunications services and challenge SpaceX’s Starlink. The deal would give Rocket Lab control of Iridium’s satellite fleet and access to wireless resources to compete in space-based connectivity.