PrivacyAxios Techabout 16 hours ago
Rocket Lab expands space biz with $8 billion deal
1 min read
Rocket Lab agreed to acquire Iridium Communications for $8 billion in cash and stock. Iridium shareholders receive $54 per share, a 24% premium over Friday's close. The deal combines Rocket Lab's launch and satellite manufacturing with Iridium's 66-satellite network, challenging SpaceX's end-to-end space business.
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