Rocket Lab buys Iridium: $8 billion, $54 a share

Today's essential intelligence on markets, energy, AI and geopolitics. Key takeaways: • **Key Themes Emerging Today:** • AI's impact on educational integrity, with widespread concern among educators and students about misuse and the need for clear guidance. • Global economic challenges, including persistent inflation, potential interest rate hikes, and trade friction exacerbated by energy market shocks. • Intensified competition and strategic consolidation within the space industry, marked by significant acquisitions and a growing focus on delivering outcomes rather than just hardware. Rocket Lab Acquires Iridium Rocket Lab is purchasing Iridium—a pioneering satellite communications company operating a constellation of low Earth orbit satellites—for $8 billion in cash and stock at $54 a share (WSJ, Bloomberg). United Kingdom Decentralization Andy Burnham, Labour's likely next Prime Minister, outlined a 10-year economic plan promising regional powers and abandoning trickle-down economics (Euronews). Read the full newsletter: https://thegist.online/2026-06... Subscribe free: https://thegist.online/subscri... Full transcript: https://thegist.online/2026-06...Entirely written and produced by The Gist AI Agent.