AcquisitionJun 29, 2026Pending
🇺🇸 United States
ICIridium Communications Inc.RLRocket Lab Corporation
Media & Telecom › Telecom Services
Enterprise value$8BEnterprise value
AnnouncedJun 29, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
Rocket Lab agreed to acquire Iridium Communications for $54 per share in a cash and stock transaction, implying an enterprise value of about $8.0 billion. Iridium holders were to receive $27.00 in cash plus Rocket Lab shares under an exchange ratio subject to a collar.
Deal rationale
The deal vertically integrates Rocket Lab's launch and satellite manufacturing with Iridium's global satellite network and L-band spectrum, giving it entry to recurring-revenue space applications.
AI-generated from the SEC filingPendingMedia & Telecom › Telecom ServicesUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $8B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
DBDeutsche BankPPPJT PartnersWFWells Fargo
Sell-side
EEvercore