Rocket Lab will buy Iridium for $8 billion, its fifth acquisition in roughly a year.
The deal gives Rocket Lab a 2.5-million-subscriber satellite network and L-band spectrum.
Iridium went bankrupt in 1999 and rebuilt itself into a profitable telecom supplier.
Rocket Lab has agreed to buy satellite operator Iridium Communications for $8 billion. This is Rocket Lab’s fifth acquisition in roughly a year, and together they show a company assembling itself, piece by piece, into something far more ambitious than a rocket company.
Under the agreement, Iridium shareholders will receive $27 in cash plus Rocket Lab stock, valuing the deal at approximately $54 a share, a 24.1% premium to Iridium’s previous closing price. The transaction is expected to close in mid-2027.
