Rocket Lab to acquire Iridium Communications in $8 billion space ecosystem deal
By
Laura Varley
Summary
Rocket Lab has announced a definitive agreement to acquire Iridium Communications in a cash and stock transaction valued at approximately $8 billion. Under the deal, Rocket Lab will acquire all outstanding shares of Iridium common stock at $54 per share. The acquisition positions Rocket Lab to expand its footprint in the space ecosystem by combining its aerospace manufacturing capabilities with Iridium's satellite services platform.
Source
bskyRocket Lab to acquire Iridium Communications in $8 billion space ecosystem dealsiliconrepublic.comKey quotes
· 3 pulledRocket Lab will acquire all outstanding shares of Iridium common stock in a cash and stock transaction that will represent an enterprise value for Iridium of approximately $8bn.
Under the 'definitive agreement', Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction, representing an enterprise value for Iridium of approximately $8bn.
Rocket Lab is making its mark in the wider space ecosystem with the acquisition of satellite platform Iridium Communications.
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