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Rocket Lab Bets $8 Billion to Take on Starlink With Iridium Deal
MarketWatch·Tuesday, 30 June 2026
Rocket Lab announced it is acquiring Iridium, a satellite communications company, for $8 billion. The company described the deal as a 'shortcut' to rapidly expanding its capabilities in the satellite space. The move is a direct challenge to SpaceX's dominant Starlink satellite internet network.
Why It Matters
More competition in satellite communications could eventually mean better, cheaper internet options for users globally, including in underserved markets. It also signals that the space economy is heating up fast.
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