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Rocket Lab Targets Iridium for Space Dominance | Raleigh News
Rocket Lab is pulling off a bold move: acquiring Iridium to become a full-service space communications giant. With Iridium’s 80-satellite global network—powered by weather-proof L-band tech and used by militaries, pilots, and emergency crews—Rocket Lab gains instant profits and spectrum dominance. While Rocket Lab’s own operations are still loss-making, Iridium’s $871M revenue and healthy margins offer a perfect financial counterbalance. The $54-per-share deal, backed by a bridge loan and board approval, awaits shareholder and regulatory nods—with closing expected in 2027. This isn’t just a…
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