RocketLab Acquires Iridium
5 hours ago
- #vertical-integration
- #acquisition
- #space-industry
- Rocket Lab Corporation announces a definitive agreement to acquire Iridium Communications Inc. for $54 per share, representing an $8.0 billion enterprise value.
- The acquisition merges Rocket Lab's launch and satellite manufacturing capabilities with Iridium's global network and spectrum, creating a vertically integrated space company.
- The combined entity aims to expand into satellite applications like IoT, direct-to-device services, and resilient PNT, targeting government, defense, and commercial markets.
- Transaction highlights include strategic vertical integration, access to recurring revenue streams, and acceleration of growth opportunities, with completion expected in mid-2027.
- Iridium reported 2025 revenue of $871.7 million with strong OEBITDA margins, providing substantial cash flow to fund future growth and innovation.