What Happened
Creating A Fully Vertically Integrated Space Group
Rocket Lab, a global leader in launch and space systems, has entered into a definitive agreement to acquire Iridium Communications, a leading provider of satellite voice, data, positioning, navigation, and timing services. The acquisition, valued at approximately $8 billion, will create a fully vertically integrated space group, combining Rocket Lab’s cutting-edge launch capabilities and satellite manufacturing activities with Iridium’s global satellite communications network. This deal was first reported by Unknown Source.