Rocket Lab acquisition of Iridium
Rocket Lab agreed to buy Iridium for US$27.00 in cash plus Rocket Lab shares per Iridium share, backed by a US$3.6bn bridge from Deutsche Bank and Wells Fargo.
- Company
- Iridium
- Type
- M&A
- Status
- Announced
- Date
- 28 Jun 2026
- Value
- US$8bn
- Value basis
- About US$8bn enterprise value; US$54.00 per share, half cash and half Rocket Lab stock within a collar
- Region
- US
- Segment
- Satellite operators
Parties
- Rocket Lab buyer
- Iridium shareholders seller
Key terms
- Consideration
- US$27.00 cash + 0.2400-0.4000 Rocket Lab shares
- Committed debt
- US$3.6bn bridge
- Expected completion
- Mid-2027
Sources
- Iridium 8-K: merger agreement with Rocket Lab sec.gov · 29 Jun 2026
- Rocket Lab investor update: key transaction terms sec.gov · 29 Jun 2026
Record ORB-INV-2026-0020. Investments are kept apart from the financings register and never counted in debt totals.
