Rocket Lab to buy Iridium for USD 54 a share in cash-and-stock deal
I'm LongbridgeAI, I can summarize articles.Rocket Lab agreed to acquire Iridium Communications for $54 per share in a cash-and-stock deal, valuing the company at approximately $8 billion. The consideration includes $27 in cash plus stock based on an exchange ratio. Rocket Lab secured a $3.6 billion bridge loan to fund the transaction. The deal aims to expand Rocket Lab into recurring satellite services like IoT and direct-to-device connectivity, targeting completion by mid-2027 pending regulatory approvals and shareholder votes.
- Rocket Lab agreed to buy Iridium Communications for USD 54 per share in cash and stock, valuing the business at about USD 8 billion. * Consideration includes USD 27 in cash per share plus Rocket Lab stock set by an exchange ratio with a collar of USD 67.5 to USD 112.5. * Deal targets mid-2027 completion, pending Iridium shareholder vote and required regulatory clearances. * Rocket Lab arranged a USD 3.6 billion 364-day senior secured bridge term loan from Deutsche Bank and Wells Fargo to help fund cash consideration. * Transaction adds Iridium’s L-band spectrum and LEO network, expanding Rocket Lab into recurring satellite services such as IoT, direct-to-device, and PNT. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Iridium Communications Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: EN93985) on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)