What Happened
Space Company Targets Fully Integrated Services with Latest Deal
Rocket Lab Corp. has announced the acquisition of Iridium Communications Inc. for $8 billion, marking a significant expansion of its business beyond rocket manufacturing. The deal adds a 66-satellite low-Earth-orbit network and over 2.5 million subscribers to Rocket Lab’s portfolio, positioning the company as a fully-integrated space power. According to CEO Peter Beck, this acquisition is a key step in Rocket Lab’s strategy to own every layer of the space business, from launch to services, and sell directly to end customers. This move was first reported by TradingView News.