
newsJune 30, 2026
Rocket Lab's $8 Billion Iridium Acquisition, Explained
Rocket Lab is buying Iridium for $8 billion, betting that owning launch, satellites and spectrum makes it the only Western rival to SpaceX's vertical model.

Rocket Lab is buying Iridium for $8 billion, betting that owning launch, satellites and spectrum makes it the only Western rival to SpaceX's vertical model.

From a 2006 Auckland garage to a publicly traded end-to-end space company — Peter Beck, Electron, Neutron, Photon, and Rocket Lab's CAPSTONE Moon mission for NASA.

Rocket Lab's Electron has flown 75+ missions; Neutron is now targeting late 2026 from Wallops. Peter Beck, the Archimedes engine, and the plan to challenge SpaceX in medium lift.