Rocket Lab continues buying spree by acquiring satellite company Iridium

Rocket Lab agreed to acquire Iridium Communications in an all-stock transaction valuing the satellite company at 8 billion dollars. The deal combines Rocket Lab's launch capabilities with Iridium's satellite constellation and communication services. Iridium operates a network of low-earth orbit satellites providing voice and data services globally. The acquisition follows Rocket Lab's previous purchases of space technology companies as it expands its business operations.

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