Iridium Communications Inc. is a publicly traded American company that operates the Iridium satellite constellation, a system of 80 satellites in low Earth orbit. Iridium provides global voice and data communication services via handheld satellite phones, messaging devices, and integrated transceivers. The company partners with various organizations, including General Dynamics Mission Systems and SpaceX, and serves diverse sectors such as aviation, maritime, and government, offering services like the Global Maritime Distress and Safety System (GMDSS).
All verified mentions of this organization in source documents.
Iridium Communications provides satellite communications services.
Iridium Communications serves more than 2.5 million customers worldwide.
Rocket Lab has agreed to acquire Iridium in an $8-billion cash-and-stock transaction.
Deutsche Bank and Wells Fargo are providing a $3.6 billion bridge loan to partially finance Rocket Lab’s acquisition of Iridium Communications.
Iridium Communications plans to launch direct-to-device narrowband IoT service and alternative PNT service this year.
The boards of directors of Rocket Lab and Iridium unanimously approved the acquisition.
Wells Fargo and PJT Partners are advising Rocket Lab on the Iridium acquisition.
The Rocket Lab-Iridium deal is expected to close in mid-2027, pending Iridium stockholder approval and regulatory clearances.
Iridium stockholders will receive $27.00 in cash plus Rocket Lab common stock for each share they hold under the merger terms announced June 29.
Evercore is the exclusive financial advisor to Iridium on the transaction.
Rocket Lab is purchasing Iridium Communications, a mobile satellite service provider.
Wilson Sonsini Goodrich & Rosati, P.C. is serving as legal counsel to Rocket Lab on the Iridium acquisition.
Rocket Lab Corporation and Iridium Communications Inc. entered into a definitive agreement on June 29, 2026 under which Rocket Lab will acquire all outstanding shares of Iridium common stock.
The stock portion of the Rocket Lab–Iridium transaction will use a net exchange ratio based on Rocket Lab’s 10-day volume-weighted average price at closing, with a collar ranging from $67.50 to $112.50 per share.
The Rocket Lab–Iridium acquisition is projected to close in mid-2027, subject to stockholder approval, FCC license transfer consents, and Hart-Scott-Rodino antitrust clearances.
Rocket Lab plans to build on Iridium Communications’ network to scale into untapped markets and pioneer new space-based services.
Deutsche Bank Securities is the lead financial advisor to Rocket Lab on the Iridium acquisition.
Rocket Lab Corporation has agreed to acquire Iridium Communications Inc. in a cash-and-stock transaction valued at $54 per share.
Iridium Communications Chief Executive Matt Desch was interviewed on June 29 in Ballyseede, Ireland.
The boards of both companies unanimously approved the Rocket Lab-Iridium transaction.