NasdaqGS:RKLBAerospace & Defense
Rocket Lab (RKLB) Is Buying Iridium For $8 Billion And Changing Its Business
Rocket Lab (NasdaqGS:RKLB) has agreed to acquire Iridium Communications in an all stock deal valued at about $8b.
The transaction would combine Rocket Lab’s launch and spacecraft operations with Iridium’s global low Earth orbit satellite network and spectrum assets.
The combined company is expected to offer satellite connectivity, IoT, and data services alongside launch and spacecraft manufacturing.
Rocket Lab enters this deal with its stock at $98.01 and a very large 3 year return,...