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Rocket Lab continues buying spree by acquiring satellite company Iridium
TechCrunch • • business
Key Points:
- Rocket Lab is set to acquire satellite operator Iridium for $8 billion, paying $54 per share, expanding its role in the space services industry.
- This acquisition is part of Rocket Lab’s broader strategy, following recent purchases of companies specializing in space robotics, laser communications, precision components, and optical sensor defense.
- Iridium operates dozens of satellites and holds valuable spectrum, which Rocket Lab intends to leverage to expand into new markets and develop innovative space-based services.
- The deal has not yet closed, but Rocket Lab aims to enhance Iridium’s existing satellite network to benefit global customers.
