Rocket Lab to acquire Iridium for $8B, aiming for an end-to-end satellite communications network
Rocket Lab has agreed to buy Iridium Communications in a cash-and-stock transaction valued at about $8 billion, a move designed to give it control of a satellite communications fleet and access to wireless resources. Iridium shareholders are set to receive $27 per share plus Rocket Lab stock, valuing the offer at $54 per share.