Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

Rocket Lab is acquiring Iridium Communications for $8 billion, combining its launch services and spacecraft manufacturing with Iridium's satellite-based communications network. The deal positions Rocket Lab to challenge SpaceX, leveraging Iridium's constellation of 66 low-Earth orbit satellites and L-band spectrum. Iridium's network provides communications services to over 2.5 million subscribers worldwide, including those in remote locations such as ships and aircraft. The acquisition will expand Rocket Lab's capabilities, allowing it to offer a more comprehensive range of space-based services.

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