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111 Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

The Verge
Emma Roth @ The Verge · today 09:51 EDT

Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion. The deal will combine Rocket Lab's launch services and spacecraft manufacturing with Iridium's satellite-based communications network, putting it in a better position to challenge SpaceX. Iridium offers communications services to over 2.5 […]

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