Rocket Lab to Acquire Iridium for $8.0B in Cash and Stock Deal

Rocket Lab Corporation announced a definitive agreement to acquire Iridium Communications Inc. for $54 per share in a cash and stock transaction, valuing Iridium at approximately $8.0 billion. This strategic acquisition aims to create a fully vertically integrated space powerhouse by combining Rocket Lab's launch and satellite manufacturing capabilities with Iridium's global satellite communications network and L-band spectrum. The transaction is expected to be significantly accretive to Rocket Lab's cash flow and profitability, providing immediate entry into the space applications market and diversifying its financial profile with recurring revenue streams. The deal is anticipated to close in mid-2027, pending regulatory and Iridium stockholder approvals.