Rocket Lab, a Long Beach launch company, is acquiring satellite communications provider Iridium for $8 billion in cash and stock, in a deal announced Monday.

Rocket Lab announced on Monday that it is acquiring the satellite communications company Iridium. The deal, made for cash and shares of Rocket Lab stock, values Iridium at about $8 billion.

Rocket Lab Corporation has agreed to acquire Iridium Communications (IRDM) in a collar-structured transaction valuing Iridium at about $8b, creating a mixed cash and stock outcome for existing ...

California-based launch company Rocket Lab has inked a landmark $8 billion deal to acquire long-time satellite communications giant Iridium.

Rocket Lab uses Mynaric's laser comms systems on satellites it is building for SDA. Credit: Mynaric Rocket Lab plans to acquire laser communications developer Mynaric, a German company that is in dire ...