Rocket Lab acquires Iridium Communications for $8B to compete with SpaceX's Starlink
By
Bloomberg
Summary
Long Beach-based Rocket Lab has agreed to acquire Iridium Communications for $54 per share in a cash-and-stock deal valued at approximately $8 billion. The acquisition combines Rocket Lab's launch capabilities and satellite manufacturing with Iridium's low-Earth orbit satellite network and radio frequency assets, positioning the combined entity to better compete with SpaceX's Starlink service in the satellite communications market.
Source
bskyRocket Lab acquires Iridium Communications for $8B to compete with SpaceX's Starlinkpasadenastarnews.comKey quotes
· 3 pulledThe deal values the Virginia-based satellite communications company at about $8 billion.
The move will combine Rocket Lab's launch capabilities and satellite manufacturing with Iridium's network in low-Earth orbit and valuable radio frequencies for satellite communication.
Iridium shareholders will receive $27 in
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