Monday, June 29
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Topic: satellites

A rocket lifting off
Tech
Monday, 6/29, 02:44 PM

Rocket Lab to Buy Iridium for About $8 Billion in a Bet on Satellite Services

  • Rocket Lab has agreed to buy satellite operator Iridium for about $8 billion, vaulting the small-rocket maker into the satellite-services business overnight.
  • The deal hands Rocket Lab a 66-satellite network, 2.5 million subscribers and valuable spectrum — and a more direct shot at Elon Musk's Starlink.

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