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Rocket Lab Corp. today announced plans to acquire Iridium Communications Inc., a major satellite operator, for $8 billion in cash and stock. The companies expect to complete the transaction in mid-2027. Rocket Lab is the developer of Electron, a 60-foot launch vehicle optimized to take satellites in
"We believe this will be one of the most transformative deals in the space industry."
The all-stock deal values Iridium at $8 billion, and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.
The deal accelerates a long-time push beyond launch services by adding an established satellite network, globally coordinated spectrum and a customer base - capabilities that could have taken Rocket Lab several years and billions of dollars to build.
Rocket Lab’s Electron launch vehicle lifting off from its launch complex in New Zealand. | Image: RocketLab 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 lau
Rocket Lab will own satellites connecting the most remote corners of the Earth.
