Rocket Lab to acquire Iridium in $8 billion deal to compete with SpaceX's Starlink
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rnz.co.nz
Summary
Rocket Lab has announced a deal to acquire satellite communications company Iridium for approximately US$8 billion (NZ$14.2 billion), paying US$54 per share through a mix of cash and Rocket Lab shares. The acquisition aims to transform Rocket Lab and position it to compete with SpaceX and its Starlink service. The transaction is expected to close in mid-2027, pending shareholder and regulatory approvals, and would give Rocket Lab ownership of Iridium's global low-Earth-orbit satellite communications network.
Source
bskyRocket Lab to acquire Iridium in $8 billion deal to compete with SpaceX's Starlink1news.co.nzKey quotes
· 3 pulledRocket Lab will acquire satellite communications company Iridium in a deal valued at about US$8 billion (NZ$14.2b), with the aim of transforming the company, while taking on SpaceX and its Starlink service.
Under the agreement announced on Monday, Rocket Lab would pay US$54 a share for Iridium through a mix of cash and Rocket Lab shares, valuing Iridium at an enterprise value of about US$8 billion.
The transaction is expected to close in mid-2027, subject to shareholder and regulatory approvals.
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