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Rocket Lab's Bold Satellite Bet | Business and Finance News
Description
Rocket Lab’s $8 billion gamble to buy Iridium is a bold leap into direct SpaceX competition — snagging a profitable satellite network, licensed airwaves, and 2.5 million subscribers in one swoop. CEO Peter Beck calls it a “defining moment,” but the price comes with steep costs: massive debt, stock dilution, and a valuation over 80x sales — leaving little room for error. With the deal still months away and their new rocket Neutron unproven, this high-stakes play could be a winner… or a warning sign.
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