"Rocket Lab is buying Iridium Communications for $8 billion to combine launch capabilities with a global satellite telecom network."

"Rocket Lab's $8B cash-and-stock deal for Iridium provides cash flow and spectrum to complement its launch capabilities."

"The thesis presented is that Rocket Lab's $8 billion acquisition of Iridium transforms it from a low-margin launch provider into a vertically integrated global satellite communications operator with immediate recurring cash flow."