← Back to the feed

Space·None

Rocket Lab Acquires Iridium

7 sources · first reported 3h ago

via SpaceNews

Rocket Lab Corporation is acquiring Iridium Communications Inc. in an $8 billion deal to create a vertically integrated space communications company. The acquisition aims to make Rocket Lab an end-to-end space company, providing launch and satellite services. This move expands Rocket Lab's capabilities in the space industry.

Why it matters

The acquisition signifies a significant development in the space industry, enabling Rocket Lab to offer comprehensive space communications, launch, and satellite services. This deal highlights the growing trend of consolidation and integration in the space sector.

SpaceAcquisition
Prime/Industry 1Independent Media 6

Development timeline

How this story unfolded across sources, oldest first.

  1. PR Newswire ·
    Rocket Lab to Acquire Iridium in Historic Deal, Creating A Fully Vertically Integrated Space Powerhouse Primed for Growth
  2. WSJ ·
    Rocket Lab Buys Satellite Operator Iridium in Bid to Challenge SpaceX
  3. Defence-industry · Primary
    Rocket Lab to acquire Iridium in $8 billion deal to build vertically integrated space communications, launch and satellite services company
  4. SpaceNews ·
    Rocket Lab to acquire Iridium
  5. CNBC ·
    Rocket Lab pops 9%, Iridium soars 20% on $8 billion space consolidation deal
  6. Yahoo Finance ·
    Rocket Lab acquires Iridium in $8 billion satellite deal
  7. Reuters ·
    Rocket Lab buys Iridium in $8 billion deal, to expand beyond launches