Rocket Lab acquires satellite leader Iridium for $8 billion, preparing for competition with SpaceX.
Rocket Lab is set to acquire Iridium Communications in a deal valued at $8 billion, which combines cash and stock. This acquisition will provide Rocket Lab with a global satellite network and the necessary radio spectrum to better compete against SpaceX, founded by Elon Musk. This transaction is part of a broader trend in the […]