Why was the acquisition of Iridium such a significant milestone for the company?
Replied byPeter Beck
Founder & CEO at Rocket Lab
Niche: Production
Revenue: Approx. 78 Million USD/month
Location: Long Beach, California, US
Started: 2006
Safety-critical and defense-critical communications represent the largest market opportunity in space outside of broadband. Acquiring Iridium adds immediate profitability to our P&L and secures crucial safety-critical communications spectrum. This transaction gives us the necessary runway to build and launch a new satellite constellation.
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