Rocket Lab Is Set to Acquire Satellite Telecom Giant Iridium for $8 BIllion

Published June 29, 2026 · Category: Finance

Overview

The space race is getting interesting. Just two weeks after Space Exploration Technologies (NASDAQ:SPCX) completed its record-setting IPO, Rocket Lab (NASDAQ:RKLB) made a major move Monday to evolve into an integrated space company that also includes rocket launches and satellite communications.

Rocket Lab on Monday announced plans to purchase Iridium Communications (NASDAQ:IRDM) in a cash-and-stock deal valued at $8 billion. The proposed deal, once approved, will link Rocket Lab’s launch and satellite manufacturing business with Iridium’s global satellite network.

Details

Iridium’s L-band spectrum and low-Earth-orbit satellite network currently have more than 2.55 million global subscribers among government, defense, aviation, maritime, and commercial customers.

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Source

Originally published at www.fool.com.

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