Rocket Lab continues buying spree by acquiring satellite company Iridium
The all-stock deal values Iridium at $8 billion and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.
The all-stock deal values Iridium at $8 billion and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.
The short version
- The first StrictlyVC of 2026 hits SF on April 30.
- Founder Summit ticket savings of up to $190 end June 26.
- Join 1,000+ founders and VCs for all-day bootcamp.
- 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.
What happened
The first StrictlyVC of 2026 hits SF on April 30. Founder Summit ticket savings of up to $190 end June 26.
Why it matters
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.
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