Rocket Lab Corp.’s (NASDAQ:RKLB) proposed $8 billion acquisition of Iridium Communications Inc. (NASDAQ:IRDM) highlights a growing push toward consolidation and vertical integration across the satellite and space-connectivity industry, according to Counterpoint.
In June, Rocket Lab agreed to buy all outstanding Iridium shares for $54 each in a cash-and-stock deal that values Iridium at about $8 billion. Iridium shareholders will receive $27 in cash and Rocket Lab shares, and both companies’ boards have unanimously approved the transaction.
