Marketplace · Monday, June 29, 2026
Rocket Lab is acquiring Iridium's satellite network for $8 billion to enhance its competitiveness against SpaceX. This move is part of Rocket Lab's strategy to expand its capabilities in the satellite telecommunications sector.
“So, Rocket Lab makes launch vehicles, you know, use them to put client's payloads into orbit. It's paying $8 billion by Iridium Communications and its network of telecom satellites so it can compete against Space-X.”
“Rocket Lab up 15 and 9/10ths percent today. Iridium ascended 25 and 4/10ths percent.”
“Meanwhile, Space-X discussing a deal to provide cell service with cable and internet provider Charter.”