Beck: Iridium acquisition the “logical next step” for Rocket Lab

Rocket Lab’s chief executive says the company’s acquisition of Iridium was the “logical next step” in his ambitions to tap into the lucrative space services market.

Rocket Lab announced June 29 it reached an agreement with Iridium to acquire the company for $54 per share in cash and stock, valuing Iridium at $8 billion.

The deal is expected to close in mid-2027 after regulatory approvals.