
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.

Launch is only ~2-3% of the ~$626B space economy. The other 97% — Earth observation, satcom, GPS, debris removal, tourism, manufacturing — and the sectors most investors miss.

Starlink Direct-to-Cell connects unmodified phones to satellites via the T-Mobile partnership, ending dead zones across 500,000 sq miles of the US. How it