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First reported by Twitter / X
Rocket Lab Agrees to Acquire Iridium Communications in Vertically Integrated Space Deal

Rocket Lab to acquire satellite operator Iridium for $8 billion

By

by Maria Deutscher

7h ago· 3 min readenNews

Summary

Rocket Lab announced plans to acquire satellite operator Iridium Communications for $8 billion in cash and stock, with the transaction expected to close in mid-2027. Rocket Lab, known for its Electron launch vehicle that has deployed over 250 satellites since its first successful flight in 2019, is expanding its footprint in the space industry through this acquisition of a major satellite operator.

Source

bskyRocket Lab to acquire satellite operator Iridium for $8 billionsiliconangle.com

Key quotes

· 3 pulled
Rocket Lab Corp. today announced plans to acquire Iridium Communications Inc., a major satellite operator, for $8 billion in cash and stock.
The companies expect to complete the transaction in mid-2027.
The company completed its first successful flight in 2019. It has since deployed more than 250 satellites into low Earth orbit.
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Space launch provider Rocket Lab to buy satellite operator Iridium for $8B - SiliconANGLE

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