Rocket Lab buys Iridium in $8 billion deal to take on SpaceX
- 5 hours ago
- 1 min read
REUTERS — "We have a very profitable business being Iridium to start with, essentially a brand new constellation... And of course, the all-important spectrum," founder and CEO Peter Beck told Reuters.
Rocket Lab said the deal will allow the company to expand Iridium's Direct-to-Device business and launch into "untapped markets and pioneer new space-based services." Key to the company's strategy of launching its own satellite constellations is Neutron, its reusable medium-lift rocket targeted to make its first flight in the fourth quarter of 2026.
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