Rocket Lab acquires Iridium Communications
- Acquirer
- Rocket Lab
- Target
- Iridium Communications
- Deal Value
- $8.0B
- Market
- Global
- Region
- Global
- Status
- Announced
- Announced
- September 24, 2026
What happened
Iridium stockholders approved the previously announced Agreement and Plan of Merger with Rocket Lab on Sept 24, 2026; the transaction carries a notional value of $54.00 per Iridium share and implies an enterprise value of approximately $8.0 billion. Closing is expected by mid-2027, subject to remaining regulatory approvals and customary closing conditions.
Why it matters
Combines a global L‑band satellite network (Iridium) with a vertically integrated launch and spacecraft platform (Rocket Lab), accelerating end‑to‑end satcom/comms capability and strengthening direct‑to‑device and carrier connectivity plays; this is a major consolidation signal in the satellite‑telco supply chain.
Source: Iridium Communications (PR Newswire)
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