Launch company Rocket Lab is buying satellite operator Iridium, putting it in a position to become a more full-fledged space services company, and continuing a wave of consolidation in the industry.
The deal, which hasn’t yet closed, will see Rocket Lab acquire Iridium’s stock for $54 per share, valuing the satellite company at $8 billion.
Originally reported by TechCrunch. Read the full story at the original source.
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