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Rocket Lab enters satellite communications market with $8-billion deal
Key takeaways
- Rocket Lab took a big step Monday to better compete with rivals SpaceX and Amazon, announcing an $8-billion acquisition of satellite communications company Iridium.
- “We are going to absorb it, optimize it and scale it into something that is really truly fantastic,” said Rocket Lab Chief Executive Peter Beck in a YouTube presentation of the deal.
- Elon Musk’s SpaceX announced Monday it has purchased $17 billion in wireless spectrum from financially troubled EchoStar to boost its Starlink cellular service.
Rocket Lab’s headquarters in Long Beach. (Google Maps) By Laurence Darmiento Staff Writer Follow June 29, 2026 1:18 PM PT 5 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
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Rocket Lab took a big step Monday to better compete with rivals SpaceX and Amazon, announcing an $8-billion acquisition of satellite communications company Iridium.
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