$8 Billion Deal: Rocket Lab Becomes Fully Integrated Space Company with Iridium

Rocket Lab is becoming a fully vertically integrated space company with the acquisition of Iridium Communications for approximately $8 billion. By integrating Iridium's L-band spectrum and 2.55 million active subscribers, the company secures direct access to high-margin markets. The first quarter recorded a record revenue growth of +64% and a backlog of $2.2 billion.   Rocket Lab (RKLB) announced on June 29 the acquisition of Iridium Communications for approximately $8 billion. The merger combines Rocket Lab's launch and manufacturing...