U.S. aerospace company Rocket Lab has announced the acquisition of legacy satellite communications operator Iridium Communications for approximately $8 billion, at $54 per share (including $27 in cash and stock). Post-acquisition, Rocket Lab will become a vertically integrated aerospace company that designs, manufactures, launches, and operates its own satellite constellation. Iridium currently has 2.55 million active subscribers, providing data and voice direct-to-device services over L-band spectrum in low Earth orbit. Rocket Lab founder and CEO Peter Beck stated that combining Iridium's heritage, infrastructure, and spectrum with Rocket Lab's launch and manufacturing capabilities will unlock new markets. The deal is supported by a $3.6 billion bridge loan from Deutsche Bank and Wells Fargo, with completion expected by mid-2027. This move directly targets SpaceX's Starlink model and could break its potential monopoly in satellite direct-to-device services, offering a more diversified customer base for metal additive manufacturing in the commercial aerospace sector.