RKLB, IRDM

, IRDM

--/--/-- --:--:-- Back to news

Date: --/--/-- --:--:--
Event Id: E5L3P3XVS
Action Type: ACQUISITION
Action Status: ANNOUNCED
Acquirer Symbol:
Target Symbol: IRDM
Updated: --/--/-- --:--:--
Purchase Price Per Share: 54
Price Per Share Currency: USD
News References: https://www.globenewswire.com/news-release/2026/08/13/3344359/0/en/rocket-lab-corporation-announces-progress-on-iridium-acquisition-hsr-period-lapses-form-s-4-filed-fcc-applications-filed-capital-strategy-underway.html

Action Notes

Rocket Lab Corporation (Nasdaq: RKLB) ("Rocket Lab"), a global leader in launch and space systems and Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction. This represents an enterprise value for Iridium of approximately $8.0 billion. 8/26 On 9/24/2026 IRDM shareholders will vote on a proposal to adopt the Agreement and Plan of Merger, dated as of June 28, 2026, among Rocket Lab Corporation, a Delaware corporation