Acquiring Company
Rocket Lab USA
Acquired Company
Iridium Communications
Description
Rocket Lab will acquire Iridium in a landmark deal valued at approximately $8.0 billion, offering $54 per share. This acquisition combines Rocket Lab's launch and satellite manufacturing prowess with Iridium's global satellite communications network. The merger aims to enhance capabilities in both satellite applications and critical communications. The move positions both companies for significant growth and innovation in the space sector.
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Based on deal dataFrequently asked
Who acquired Iridium Communications?
Iridium Communications was acquired by Rocket Lab USA, based in Long Beach. The deal was reported on June 29, 2026. Rocket Lab is an end-to-end space company that provides launch services, satellite manufacturing, spacecraft components, and on-orbit management solutions. Rocket Lab USA is publicly traded (RKLB) and operates in Manufacturing.
When did Rocket Lab USA acquire Iridium Communications?
Rocket Lab USA's acquisition of Iridium Communications was reported on June 29, 2026. Rocket Lab will acquire Iridium in a landmark deal valued at approximately $8.0 billion, offering $54 per share. This acquisition combines Rocket Lab's launch and satellite manufacturing prowess with Iridium's global satellite communications network. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Iridium Communications do?
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. It is publicly traded (IRDM), operating in Hardware, and is based in Mclean.
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