Rocket Lab acquires satellite firm Iridium in $8B all-stock deal

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Rocket Lab has announced the acquisition of satellite company Iridium in an all-stock transaction valued at $8 billion. The deal expands Rocket Lab's capabilities and strengthens its position in the competitive space industry. The acquisition marks another step in Rocket Lab's ongoing buying spree as it scales up its operations. The move is seen as a strategic effort to better compete against major rivals such as Amazon and SpaceX.

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