Rocket Lab to take on SpaceX’s Starlink with $8 billion acquisition

Rocket Lab announced plans to acquire Iridium for approximately $8 billion. The company stated the acquisition would accelerate its expansion into satellite communications. Iridium operates a global network of satellites used for voice and data communications. The transaction is expected to combine Rocket Lab's launch capabilities with Iridium's existing satellite infrastructure and spectrum licenses. The deal requires regulatory approval and is subject to customary closing conditions.

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