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Rocket Lab to Buy Iridium in Challenge to SpaceX

Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy try to catch up with market leader SpaceX. Rocket Lab CEO Peter Beck explains how the deal came together with Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe…

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Rocket Lab will acquire Iridium, a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as smaller players in the orbital economy try to catch up with market leader SpaceX. Rocket Lab CEO Peter Beck explains how the deal came together with Ed Ludlow on “Bloomberg Tech.”
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30 Comments

30 Comments

  1. @nkdamn

    June 29, 2026 at 1:06 pm

    “Neutron comes online by the end of the year” YASSS

  2. @mashashtutman

    June 29, 2026 at 1:08 pm

    Peter Beck for the win!!! 🚀

  3. @recycle320

    June 29, 2026 at 1:10 pm

    2 trillion galaxies and this guy thinks there competition.

  4. @BEAMBEATS-MUSIC

    June 29, 2026 at 1:26 pm

    well Spacex got them companies rushing to buy spectrum.

    • @mr.francois5538

      June 29, 2026 at 3:13 pm

      Space x is probably in trouble

  5. @MrValz0

    June 29, 2026 at 1:28 pm

    I like this guy simply for the reason that he did not mention AI.

  6. @Naughtius_Maximus

    June 29, 2026 at 1:33 pm

    SpaceX will build a launch and landing hub there soon .

  7. @Carl-e5d

    June 29, 2026 at 1:46 pm

    lol Challenge SpaceX… pffft… get out of here with this stupid nonsense. Let’s do a side by side comparison to show how Rocket Lab is challenging SpaceX ‘Doomberg’.

  8. @6jot

    June 29, 2026 at 1:47 pm

    Peter thinks he is Elon

    • @scottgriz

      June 29, 2026 at 3:09 pm

      Hardly. He has his own vision and isn’t trying to play catch up. Slow and steady wins the race.

    • @6jot

      June 29, 2026 at 4:47 pm

      ​@scottgrizcopying Elon is his vision

    • @Stonkslayer

      June 29, 2026 at 8:30 pm

      They are quite different.

  9. @milleddtube8755

    June 29, 2026 at 1:58 pm

    ROCKET LAB!!!!❤❤❤❤❤

  10. @mirkoprevisic746

    June 29, 2026 at 2:14 pm

    This made my day! I love Iridium – use it as emergency comms for my mountaineering adventures. These two companies are such a perfect fit and I look forward to RKLB growing the Iridium TAM. I have been investing since the stock was at $6/share and just bought some more on the news. I think we will revisit $150/share sooner than expected and based on technical analysis may push towards the $200/share.

  11. @tamilspacetech

    June 29, 2026 at 2:14 pm

    Congrats 🎉

  12. @NoMamesStreet

    June 29, 2026 at 2:22 pm

    don’t sleep on ASTS

  13. @JFVisuals

    June 29, 2026 at 2:31 pm

    its literally on the website, half cash half iridium

  14. @rh323

    June 29, 2026 at 2:44 pm

    A lot of good information. But my favorite sentence is “Neutron comes online by the end of the year”

  15. @Lake-Tahoe-B

    June 29, 2026 at 2:53 pm

    SpaceX is facing fierce criticism for demanding a massive $2 trillion valuation—trading at a staggering 109 times its annual sales—despite reporting a deep net loss of $4.9 billion due to astronomical capital expenditures.

    • @LoanwordEggcorn

      June 29, 2026 at 7:29 pm

      SpaceX is making more than $2 billion a month on the 5 billion data center net capex. They pay back that expense in 2.5 months. They’re selling 28 billion a year from that alone. 5 billion sounds like a lot of money, but it’s nearly insignifcant compared to that cash flow.

  16. @Martocciaweb

    June 29, 2026 at 3:22 pm

    It’s fascinating how numb the business world is to how this deal would be financed. Back decades ago, I toured the Iridium factory and saw these tiny satellites up close. They later went bankrupt and became a business school case study into how to not finance with debt

  17. @babyUFO.

    June 29, 2026 at 3:23 pm

    LMAO, a single launch facility will never “Challenge” spaceX. You’d better ramp it up 10x.

  18. @SpaceCat-i1c

    June 29, 2026 at 4:48 pm

    #1 FAN OF RKLB💓💓💓

  19. @camonthecoast

    June 29, 2026 at 5:30 pm

    Legend in the making! Go SPB and RocketLab!!

  20. @xyandzhandler

    June 29, 2026 at 6:18 pm

    Hell yeah!!!! ❤❤❤

  21. @JamesGhelarducci

    June 29, 2026 at 6:36 pm

    Forced buy. Two baby companies. Never know, but not a challenge to SpaceX

  22. @caolaoban

    June 29, 2026 at 6:44 pm

    Mass of neutron is ~1800 times that electron. Can the Neutron Rocket carry 1800 times payload that Electron? I’m kidding – Neutron should be able to carry a lot more 🙂

  23. @markwilson3723

    June 29, 2026 at 7:21 pm

    Outstanding

  24. @j_mm1084

    June 29, 2026 at 8:40 pm

    Glad I hanged on to my RKLB

  25. @lansa2023

    June 29, 2026 at 9:05 pm

    Full Stack + Applications … Rocket Lab will be the juggernaut of the 2030s.

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Bloomberg Technology

Jackson Hole, Anthropic’s Court Win and PayPal Deal Collapse | Bloomberg Tech 8/28/2026

Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal,…

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Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, a deal that would have ranked as one of the biggest-ever leveraged buyouts.

00:00:00 – Bloomberg Tech Begins
00:02:30 – Mike McKee, Bloomberg News
00:05:25 – Max Gokhman, Franklin Templeton
00:11:13 – Ryan Gould, Bloomberg News
00:14:04 – Han Fengtao, Spirit AI
00:19:31 – Rachel Metz, Bloomberg News
00:24:41 – Mike McKee & Lisa Abramowicz, Bloomberg News
00:28:25 – Ryan Vlastelica, Bloomberg News
00:34:04 – Michael Shepard, Bloomberg News
00:37:18 – Andrew Bailey, Bank of England Governor
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Anthropic Scores Legal Win Against Trump Administration

A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate…

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A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate warning from Anthropic, OpenAI, and other companies about the growing threat of AI-enabled cyberattacks with Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

AI Could Push Inflation Either Way, Says BOE’s Bailey

Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance,…

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Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance, and why the BOE will make its own rate decisions regardless of the Fed’s path. He joins Bloomberg’s Lisa Abramowicz on “Bloomberg Tech.”
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