Rocket Lab agrees to acquire Iridium in an $8.0 billion transaction
Rocket Lab and Iridium signed a definitive cash-and-stock agreement that is expected to close in mid-2027, subject to stockholder and regulatory approvals.
Evidence notes
- Iridium stockholders are due $27.00 in cash plus Rocket Lab shares for each Iridium share, with a notional value of $54.00 per share.
- The transaction combines Iridium’s L-band network and spectrum with Rocket Lab’s launch and spacecraft-manufacturing capabilities.
- Iridium remains a public, independent company while the required approvals and closing conditions are pending.