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Peter Beck's $8B Iridium deal gives Rocket Lab the network it did not want to build from scratch

Rocket Lab agreed to pay $54 a share for Iridium, adding L-band spectrum, 2.55 million subscribers, and recurring satellite revenue.

By Ryan Merket · Published Jun 30th, 2026, 3:26pm CT

Rocket Lab agreed to pay $54 a share for Iridium, adding L-band spectrum, 2.55 million subscribers, and recurring satellite revenue.

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