Rocket Lab shares jumped nearly 17% during Monday afternoon trading after announcing that it has agreed to buy Iridium Communications in an $8 billion cash-and-stock deal. Last year, Iridium generated $872 million in revenue and $114 million in net income. (Iridium rose almost 25% as the market reacted to the takeover premium).
This deal gives RKLB access to a global satellite network, wireless spectrum, and an established customer base, in what looks like a bid to tangentially compete against Elon Musk’s SpaceX.
SpaceX operates a satellite network far larger than Iridium’s, with roughly 10,000 satellites in orbit. Iridium operates a network of 66 low-Earth-orbit satellites but creates a more vertically integrated space company in RKLB.
This deal gives RKLB access to a global satellite network, wireless spectrum, and an established customer base, in what looks like a bid to tangentially compete against Elon Musk’s SpaceX.
SpaceX operates a satellite network far larger than Iridium’s, with roughly 10,000 satellites in orbit. Iridium operates a network of 66 low-Earth-orbit satellites but creates a more vertically integrated space company in RKLB.
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Investing in complex securities involves risk. You may lose some or all of your invested capital.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.