Rocket Lab, a Long Beach launch company, is acquiring satellite communications provider Iridium for $8 billion in cash and stock, in a deal announced Monday.

Rocket Lab Corporation’s $7.93B deal to buy Iridium Communications Inc.: $54/share exit, added recurring cash flows, and catalysts. Click for more on IRDM and RKLB.

Rocket Lab said Monday it plans to acquire Iridium Communications, positioning the expanding company as a head-on rival to SpaceX and its Starlink satellite-communications business. The “historic” acquisition will make Rocket Lab RKLB a “fully vertically integrated space powerhouse primed for growth,

These days, it's not enough to own a company that sends things up into space; you also need to own the things you're sending up. Rocket Lab, one of the smaller names in the private spaceflight sector,

Apple reportedly is looking to ease its memory crunch with a Chinese company, but the dominance of the big three makers continues, says one tech investor.

CNBC’s MacKenzie Sigalos reports that Apple is again lobbying the administration for flexibility to work with Chinese memory suppliers as it tries to contain costs during one of the worst component crises in its history.

Apple is reportedly seeking U.S. government approval to purchase memory semiconductors from Chinese ChangXin Memory Technologies (CXMT). As global memory supply shortages and price surges intensify, the company is believed to be expanding its supply chain beyond Samsung Electronics,

Apple is attempting to solve supply issues with a new memory supplier for its upcoming iPhones but it may not be enough.