Rocket Lab to acquire Iridium Communications for $8B in transformational satellite deal

Filed June 29, 2026 · Period ending June 28, 2026 · ~1 min read

Key Changes

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  Rocket Lab will acquire all Iridium shares for $54 each ($27 cash + stock with collar), valuing the satellite operator at ~$8B enterprise value and adding $871M revenue, $495M EBITDA (57% margin) from 2.55M subscribers.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Rocket Lab secured $3.6B in committed bridge financing from Deutsche Bank and Wells Fargo to fund the cash portion, representing significant new leverage for the combined entity.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  The stock consideration uses a collar: Iridium holders receive 0.4000 shares if RKLB ≤$67.50, $27 worth if between $67.50-$112.50, or 0.2400 shares if ≥$112.50, protecting both parties from extreme price moves.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →