California-based launch company Rocket Lab has inked a landmark $8 billion deal to acquire long-time satellite communications giant Iridium.
Rocket Lab has brought a variety of companies into its space systems architecture in recent years, but none of those previous purchases were as notable as the acquisition announced today (June 29). Rocket Lab and Iridium settled on the purchase at $54 per share, equating to an $8 billion deal for the legacy satellite operator.
"This is a defining moment for the space industry and the start of a new era of strategic, accelerated growth for Rocket Lab and Iridium," Rocket Lab CEO Peter Beck said in Read Entire Article
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