Rocket Lab buys satellite network Iridium for $14 billion in challenge to SpaceX’s Starlink

🌐 New Zealand Herald (NZ) —
Rocket Lab buys satellite network Iridium for $14 billion in challenge to SpaceX’s Starlink

AI Summary

Rocket Lab announced its acquisition of satellite operator Iridium for $14 billion. This strategic purchase challenges SpaceX’s Starlink by expanding Rocket Lab’s satellite and customer base worldwide.

Profitable Iridium has 2.55 million commercial and government customers.

Markets Deals AI & Tech Rocket Lab Iridium satellite network SpaceX Starlink acquisition aerospace

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