business
Rocket Lab to Acquire Iridium Communications in $8 Billion Deal
Rocket Lab agreed to buy Iridium Communications for $54 per share in a cash-and-stock transaction. The deal values Iridium at about $8 billion in enterprise value and is set to close in mid-2027.
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Rocket Lab agreed to acquire Iridium Communications for $54 per share in a cash-and-stock transaction, @business reported. The deal values the satellite communications company at approximately $8 billion in enterprise value. Iridium shareholders will receive $27 in cash plus Rocket Lab shares totaling $54 per share.
The transaction is expected to close in mid-2027. The agreement involves Rocket Lab, identified by ticker RKLB.O, and Iridium, identified by ticker IRDM.O.
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CorroborationLimited · 2 sources
