Rocket Lab bets $8 billion on Iridium to become a cash-flow space company

Rocket Lab (Nasdaq: RKLB) has completed the acquisition of Iridium Communications (Nasdaq: IRDM) at the price of $54 per share in a cash-and-stock deal valuing the satellite leader at $8 billion. The purchase transaction will add a powerful subscription-based network to Rocket Lab, a company known for its spacecraft manufacturing and launch services. From the...