Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion.

The deal will combine Rocket Lab's launch services and spacecraft manufacturing with Iridium's satellite-based communications network, putting it in a better position to challenge SpaceX.

Iridium offers communications services to over 2.5 […] ...