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Source: المشهد العربي
23 Hrsالمشهد العربي
Source: المشهد العربي
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Rocket Lab announced its acquisition of Iridium Communications in a deal valued at approximately $8 billion, shifting the company's focus from a rocket launch service provider to an integrated space entity with a network of satellites and global communication services. The company's stock rose by 9.50% to reach $92.57, with completion of the deal expected by mid-2027. The merger aims to expand its activities in satellite communications, Internet of Things services, and defense, while reducing reliance on seasonal rocket launches.
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