Rocket Lab CEO Won’t Take on Musk and Bezos in Broadband: ‘The Two Most Wealthiest People in the World Ar

On Monday, Rocket Lab Corp.

(NASDAQ:RKLB) CEO Peter Beck said the company’s planned $8 billion acquisition of Iridium Communications Inc.

(NASDAQ:IRDM) is opening a new space-services opportunity — one that largely steers clear of the consumer broadband market dominated by Space Exploration Technologies Corp (NASDAQ:SPCX) CEO Elon Musk’s Starlink and Jeff Bezos’ Amazon.com Inc.

(NASDAQ:AMZN) Leo.

Rocket Lab Is Taking a Different Route From Starlink Speaking during Rocket Lab’s second-quarter earnings call, Beck was asked whether Iridium’s network could eventually be expanded into broadband services.