What Happened
New Zealand Company Expands Into Satellite Communications
Rocket Lab is set to acquire satellite communications provider Iridium in a move to expand its services beyond launch and spacecraft manufacturing. The acquisition will give Rocket Lab an immediate foothold in space-based applications and help it realize its long-term strategic vision. Iridium operates a constellation of 66 satellites and 14 spares in low Earth orbit, providing voice, data, and position, navigation, and timing services to a global customer base. The deal was reported by Breaking Defense.