Business · 3h ago
Rocket Lab acquires Iridium in $8B satellite mega-deal
Rocket Lab is buying Iridium Communications for $8 billion, gaining a global satellite network and 2 million subscribers. The deal transforms the launch specialist into a vertically integrated rival to SpaceX's Starlink. Rocket Lab will fund the acquisition through stock and debt, expecting $1.5 billion in annual revenue.
Meridian48 take
The acquisition vaults Rocket Lab into the top tier of satellite operators, but integrating a legacy network while competing with Starlink's scale will test its execution.
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Rocket Lab buys its way into the satellite big league with $8B Iridium deal →
The Register
satellite-communicationsspace-tech