IRDM

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Rocket Lab to Acquire Iridium in Approximately $8 Billion Deal - $Iridium Comm(IRDM.US) $Rocket Lab(RKLB.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ 𝐑𝐨𝐜𝐤𝐞𝐭 𝐋𝐚𝐛 agreed to acquire 𝐈𝐫𝐢𝐝𝐢𝐮𝐦 in an approximately 𝐝𝐨𝐥𝐥𝐚𝐫 𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 cash-and-stock transaction.

➤ Iridium shareholders will receive 𝐝𝐨𝐥𝐥𝐚𝐫 𝟐𝟕.𝟎𝟎 in cash plus Rocket Lab stock valued at 𝐝𝐨𝐥𝐥𝐚𝐫 𝟓𝟒.𝟎𝟎 per share.

➤ Rocket Lab secured 𝐝𝐨𝐥𝐥𝐚𝐫 𝟑.𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 bridge financing from Deutsche Bank and Wells Fargo.

➤ The transaction was 𝐮𝐧𝐚𝐧𝐢𝐦𝐨𝐮𝐬𝐥𝐲 approved by both companies' boards.

➤ Deal is expected to close in 𝐦𝐢𝐝-𝟐𝟎𝟐𝟕, subject to shareholder and regulatory approvals.

➤ Iridium serves over 𝟐.𝟓𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 subscribers through its low Earth orbit satellite network.

➤ Iridium generated 𝐝𝐨𝐥𝐥𝐚𝐫 𝟖𝟕𝟏.𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 revenue and 𝐝𝐨𝐥𝐥𝐚𝐫 𝟒𝟗𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 OEBITDA in 2025.

➤ The company reported a strong 𝟓𝟕% 𝐎𝐄𝐁𝐈𝐓𝐃𝐀 margin in 2025.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Acquisition expands Rocket Lab into 𝐠𝐥𝐨𝐛𝐚𝐥 satellite communications services.

➤ Combined company strengthens capabilities across 𝐝𝐞𝐟𝐞𝐧𝐬𝐞, IoT, aviation, and maritime markets.

➤ Deal creates a more integrated 𝐞𝐧𝐝-𝐭𝐨-𝐞𝐧𝐝 space infrastructure and services platform.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "We are going to build upon it to pioneer next-generation space applications and deliver sought-after capabilities to existing and new customers." — 𝐒𝐢𝐫 𝐏𝐞𝐭𝐞𝐫 𝐁𝐞𝐜𝐤, Founder and CEO of Rocket Lab.

➤ "This transaction will accelerate the development of IoT, aviation, maritime, positioning, navigation and timing, and national security capabilities." — 𝐌𝐚𝐭𝐭 𝐃𝐞𝐬𝐜𝐡, CEO of Iridium.