Aug. 28 at 6:07 PM
$RKLB SpaceX isn't trying to kill
$RKLB +
$IRDM.
SpaceX is fighting over spectrum that Iridium controls — which arguably reinforces the strategic value of what Rocket Lab is buying.
When the deal closes, RKLB goes from a launch/space-systems company to a vertically integrated space infrastructure + satellite communications platform with recurring communications revenue and enormous optionality in D2D, IoT, PNT and defense.
This is increasingly looking less like an
$8B acquisition and more like Rocket Lab buying a strategic position in the future space economy.
Still some risk. But the long-term bull thesis just got more interesting.
Onward and upward.
$RKLB
$IRDM
