Rocket Lab Buys Iridium

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OBBM Network Editorial Staff

June 29, 2026

Rocket Lab announced it will acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion.

Expansion into Satellite Communications

The acquisition will transform Rocket Lab from a satellite-manufacturing and launch company into a fully integrated space business that designs, builds, launches and operates satellite constellations.

Iridium shareholders will receive $27 in cash and Rocket Lab shares, with a combined value of $54 per Iridium share. The deal is expected to close in mid-2027.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

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