business
Rocket Lab to acquire Iridium in $8bn cash and stock deal
Key takeaways
- The deal will see the Nasdaq-listed Rocket Lab purchase all outstanding shares of Iridium common stock for $54 per share.
- Under the terms of the agreement, Iridium shareholders will be paid $27 in cash and issued a number of Rocket Lab shares determined by an exchange ratio, subject to a collar ranging from $67.50 to $112.50.
- The final calculation will be detailed in documents to be filed with the Securities and Exchange Commission.
Rocket Lab to acquire Iridium in $8bn cash and stock deal Anwesha Pattanaik Tue, June 30, 2026 at 4:24 PM GMT+7 2 min read IRDM RKLB Rocket Lab has reached an agreement to acquire Iridium Communications, a US-based satellite communications provider in a cash and stock deal worth approximately $8bn.
The deal will see the Nasdaq-listed Rocket Lab purchase all outstanding shares of Iridium common stock for $54 per share. Iridium is also currently listed on Nasdaq.
Under the terms of the agreement, Iridium shareholders will be paid $27 in cash and issued a number of Rocket Lab shares determined by an exchange ratio, subject to a collar ranging from $67.50 to $112.50.
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