Rocket Lab Buys Iridium for $8 Billion, Building a Full-Stack Space Business

Rocket Lab agreed June 29 to acquire satellite operator Iridium for $54 per share, valuing the deal at $8 billion in cash and stock. The merger pairs Rocket Lab's launch and manufacturing prowess with Iridium's 66 satellites and revenue from maritime, aviation, and government clients. Combined, they control the full chain: design to operation—rare vertical integration that helps launch companies escape margin pressure.