On June 29, Rocket Lab announced its acquisition of Iridium for $54 per share in a cash-and-stock deal. On July 3, Rocket Lab revealed an $8 billion acquisition of Iridium to transform into a vertically integrated space infrastructure provider. On July 4, Rocket Lab announced its plan to acquire the satellite manufacturer Iridium, aiming to help Rocket Lab keep pace with SpaceX in the nascent space market.
