Rocket Lab to Buy Iridium in Challenge to SpaceX

Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy try to catch up with market leader SpaceX. Rocket Lab CEO Peter Beck explains how… Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy try to catch up with market leader SpaceX. Rocket Lab CEO Peter Beck explains how the deal came together with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)