Bloomberg Technology
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Bloomberg Technology
Rocket Lab Targets SpaceX’s Starlink Dominance in New Deal | Bloomberg Tech 6/29/2026
Bloomberg’s Ed Ludlow speaks with the CEO of Rocket Lab about the company’s biggest bet yet: buying Iridium in an $8 billion deal to challenge SpaceX in the orbital economy. Plus, South Korean firms, including Samsung and SK Hynix will spend at least $880 billion on chips and data centers, as the country seeks to…
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@nkdamn
June 29, 2026 at 1:06 pm
“Neutron comes online by the end of the year” YASSS
@mashashtutman
June 29, 2026 at 1:08 pm
Peter Beck for the win!!! 🚀
@recycle320
June 29, 2026 at 1:10 pm
2 trillion galaxies and this guy thinks there competition.
@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
@MrValz0
June 29, 2026 at 1:28 pm
I like this guy simply for the reason that he did not mention AI.
@Naughtius_Maximus
June 29, 2026 at 1:33 pm
SpaceX will build a launch and landing hub there soon .
@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’.
@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.
@milleddtube8755
June 29, 2026 at 1:58 pm
ROCKET LAB!!!!❤❤❤❤❤
@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.
@tamilspacetech
June 29, 2026 at 2:14 pm
Congrats 🎉
@NoMamesStreet
June 29, 2026 at 2:22 pm
don’t sleep on ASTS
@JFVisuals
June 29, 2026 at 2:31 pm
its literally on the website, half cash half iridium
@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”
@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.
@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
@babyUFO.
June 29, 2026 at 3:23 pm
LMAO, a single launch facility will never “Challenge” spaceX. You’d better ramp it up 10x.
@SpaceCat-i1c
June 29, 2026 at 4:48 pm
#1 FAN OF RKLB💓💓💓
@camonthecoast
June 29, 2026 at 5:30 pm
Legend in the making! Go SPB and RocketLab!!
@xyandzhandler
June 29, 2026 at 6:18 pm
Hell yeah!!!! ❤❤❤
@JamesGhelarducci
June 29, 2026 at 6:36 pm
Forced buy. Two baby companies. Never know, but not a challenge to SpaceX
@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 🙂
@markwilson3723
June 29, 2026 at 7:21 pm
Outstanding
@j_mm1084
June 29, 2026 at 8:40 pm
Glad I hanged on to my RKLB
@lansa2023
June 29, 2026 at 9:05 pm
Full Stack + Applications … Rocket Lab will be the juggernaut of the 2030s.