Rocket Lab agrees to buy Iridium in deal valued at USD 7.59 billion - RKLB News | RalliesRocket Lab agrees to buy Iridium in deal valued at USD 7.59 billion
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RKLB• Rocket Lab to acquire Iridium in two-step merger
- Rocket Lab agreed to acquire Iridium in a two-step merger signed June 28, 2026, creating a combined satellite services and launch business.
- Iridium shareholders to receive USD 27 in cash per share, plus Rocket Lab stock using an exchange ratio tied to a 10-day VWAP.
- Pro forma merger consideration estimated at about USD 7.59 billion, using a Rocket Lab 10-day VWAP of USD 69.33.
- Rocket Lab arranged commitments for a USD 3.6 billion, 364-day senior secured bridge facility to fund cash consideration and debt repayment.
- Pro forma assumes Iridium debt of about USD 1.77 billion is repaid at closing, with bridge interest cost modeled at about 8%.
