Rocket Lab's Latest Deal Puts It on a Collision Course With SpaceX
Rocket Lab has announced an $8 billion acquisition of Iridium Communications to vertically integrate satellite internet services, directly challenging SpaceX's Starlink. Iridium brings a global satellite constellation and L-band spectrum rights. Rocket Lab plans to use its upcoming Neutron rocket to accelerate satellite deployment. SpaceX's Starlink currently leads with 10 million subscribers and $11.4 billion in annual revenue, while Iridium generated $872 million. The article compares valuations: Rocket Lab trades at a P/S ratio of 54 with a $40 billion market cap, while SpaceX trades near 100 P/S with a $1.75 trillion market cap. The author suggests Rocket Lab may be the better buy due to lower valuation but notes neither stock is suitable for a conservative portfolio.
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