- Iridium shareholders approved the proposed $8 billion acquisition by Rocket Lab on September 24, with terms of $27 cash and $27 Rocket Lab stock per Iridium share.
- Rocket Lab has $2.3 billion of financing available and $1.9 billion raised through stock sales, with closing targeted for mid-2027 pending regulatory approval.
- The deal would move Rocket Lab from launch and spacecraft manufacturing into satellite communications infrastructure operations through Iridium's business.
- Rocket Lab completed its 18th launch of 2026 on September 25, maintaining its launch cadence alongside the deal.
Quotes
“Iridium shareholders overwhelmingly approved the proposed $8 billion acquisition by Rocket Lab on September 24”
“Rocket Lab has secured financing with $2.3 billion available”