American satellite comms company operating a LEO constellation
Rocket Lab has announced plans to acquire Iridium in an $8 billion deal, aiming to merge launch, manufacturing and a global satellite network to broaden its space-services footprint. The transaction values Iridium at $54 per share and signals ongoing consolidation in the satellite industry as SpaceX broadens its own services.
Amazon has reached a milestone with a satellite constellation of over 390 satellites, enabling initial Leo internet service later this year. The launch cadence faces delays from recent rocket setbacks, but the company plans broader coverage as more satellites go online.