'Ambitious': Rocket Lab buys Iridium for $14 billion in challenge to Starlink
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Rocket Lab is buying satellite network operator Iridium for $14 billion, causing the company's shares to jump 18 percent, according to new reports.
This would put Rocket Lab in a position to go head-to-head with Starlink, owned by Elon Musk’s SpaceX.
BusinessDesk tech columnist Peter Griffin says this is an 'ambitious' move from CEO Peter Beck.
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