In a Bold Move, Rocket Lab Acquires Iridium Communications

Ars Technica – Rocket Lab announced that it is acquiring the satellite communications company Iridium. The deal, made for cash and shares of Rocket Lab stock, values Iridium at about $8 billion. The deal pairs the launch company, founded and led by Peter Beck, with a decades-old profitable satellite company whose network of 80 satellites in low-Earth orbit provides telecommunications services.

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Last updated on - June 30, 2026