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.