What Happened
Rocket Lab To Acquire Iridium In $8 Billion Deal
Iridium Communications stockholders have approved the company’s acquisition by Rocket Lab in a deal valued at $8 billion. The transaction, which is expected to close by mid-2027, will see Iridium stockholders receive $27 in cash and a number of Rocket Lab shares per share. The merger aims to create a vertically integrated company that designs, builds, launches, and operates its own satellite constellations. This development was first reported by Virginia Business.