Rocket Lab to acquire satellite operator Iridium for $8 billion
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by Maria Deutscher
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.
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Key quotes
· 3 pulledRocket 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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