What Happened
Creating A Global Space Powerhouse Through Acquisition
Rocket Lab has announced its acquisition of Iridium Communications in a cash-and-stock deal valued at approximately $8 billion. The acquisition will combine Rocket Lab’s launch, satellite manufacturing, and space systems capabilities with Iridium’s satellite connectivity services, including its global L-band spectrum. Iridium operates a constellation of 66 satellites and serves about 2.55 million subscribers, including government entities and the maritime and aviation industries. The deal is expected to accelerate Rocket Lab’s push into the global space market and create a ‘global space powerhouse,’ according to CEO Peter Beck. This development was first reported by Light Reading.