MarketPR
Rocket Lab is acquiring satellite company Iridium in an all-stock transaction valued at $8 billion, the latest move in what the company describes as a continuing buying spree.
The deal hands Rocket Lab an established satellite operation and, by the company's own framing, the firepower to compete more directly against Amazon and SpaceX.
Terms: Stock-for-Stock at $8 Billion The acquisition carries no cash component.
Rocket Lab is paying the full $8 billion in its own shares, which means Iridium's current shareholders will hold Rocket Lab equity when the deal closes.
Keep reading