ROCKET LAB BUYS IRIDIUM FOR $8B TO CHALLENGE SPACEX
Rocket Lab announced plans to acquire satellite communications company Iridium Communications for $8 billion. The deal combines Rocket Lab's launch services and spacecraft manufacturing with Iridium's network of 66 satellites serving 2.5 million subscribers.
Rocket Lab’s Electron launch vehicle lifting off from its launch complex in New Zealand. | Image: RocketLab Rocket Lab…
Article URL: https://investors.rocketlabcorp.com/news-releases/news-release-details/rocket-lab-acquire-iridium-historic-…
Emma Roth / The Verge: Rocket Lab plans to acquire Iridium for $8B and combine Rocket Lab's launch services with Iridium…
The all-stock deal values Iridium at $8 billion, and gives Rocket Lab even more firepower to compete against Amazon and…
"We believe this will be one of the most transformative deals in the space industry."
It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues.
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NASA awarded Rocket Lab deals for three dedicated launches using the company's Electron rocket.