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Iridium Communications

Iridium Communications

Satellite communications operator

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Rocket Lab agrees to acquire satellite operator Iridium

Money Moves

Acquisition target

Iridium nearly vanished. In 2000, investors bought its satellite network out of bankruptcy for about $25 million. On June 29, 2026, Rocket Lab agreed to buy the same company for roughly $8 billion.

Updated 2 hours ago