Rocket Lab (NASDAQ:RKLB) to acquire Iridium (NASDAQ:IRDM) in $8B deal
NEW YORK, June 29, 2026, 11:13 EDT. Rocket Lab said it will buy Iridium in an $8 billion deal, moving the satellite race into a new phase as RKLB eyes cash flow from IRDM’s network. Rocket Lab Corporation said it will acquire Iridium Communications Inc. in a cash-and-stock deal that puts an $8 billion tag on the satellite operator. Investors will probably notice Rocket Lab paying up with its high-valuation public shares to pick up a company already turning out operating profits. Iridium shareholders will be paid $54 a share, split $27 in cash and the rest in Rocket Lab shares, the companies said.