Rocket Lab continues buying spree by acquiring satellite company Iridium

Rocket Lab has acquired satellite company Iridium in an all-stock deal valued at $8 billion. The acquisition gives Rocket Lab increased firepower to compete against major players in the industry, including Amazon and SpaceX. This move is part of Rocket Lab's ongoing buying spree, expanding its capabilities and reach in the market. The deal solidifies Rocket Lab's position as a significant player in the satellite and space technology sector.

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