ROCKET LAB BUYS SATELLITE OPERATOR IRIDIUM IN BID TO CHALLENGE SPACEX

Summary from the TLDR newsletter

Rocket Lab is purchasing Iridium Communications to compete with SpaceX's satellite offerings. The deal will give Rocket Lab control over a satellite fleet and access to wireless resources. Iridium currently operates 66 satellites in low-Earth orbit. It has valuable spectrum rights to connect handsets and other devices to satellites. Rocket Lab plans to develop an upgraded fleet of satellites that will replace Iridium's current constellation.