Rocket Lab, the launch services company, is acquiring the Iridium satellite communications network for $8 billion, according to a report. The deal marks a major consolidation in the space sector.
Rocket Lab, a U.S.-based launch services company, is acquiring Iridium Communications, which operates a satellite communications network, for $8 billion, according to a report published Wednesday. The acquisition would combine Rocket Lab's launch capabilities with Iridium's existing satellite infrastructure. The deal is subject to regulatory approvals; further details on financing and timeline have not been disclosed.
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