Rocket Lab CFO Says USD 8 Billion Iridium Deal Would Double Company Overnight

In June 2026, Rocket Lab announced a cash-and-stock acquisition of satellite communications provider Iridium Communications, with a total transaction value of about USD 8 billion. Under the agreement, Iridium shareholders would receive USD 27 per share in cash plus Rocket Lab stock, for total consideration of about USD 54 per share.

Rocket Lab's business includes launch services and space systems. The company has carried out nearly 100 launch missions and is developing the larger Neutron rocket. It has also built a space systems business covering satellite components, subsystems, and complete spacecraft. Iridium Communications operates a global L-band satellite network, holds licensed spectrum resources, and has more than 2.5 million subscribers across government, defense, aviation, maritime, and commercial markets.

The acquisition would integrate Rocket Lab's launch vehicle and satellite manufacturing operations with Iridium Communications' satellite network, spectrum resources, and subscriber base. Rocket Lab's annual growth rate in recent years has been close to 100%, while Iridium Communications' growth rate has been in the single digits. Rocket Lab Chief Financial Officer Adam Spice spoke about the transaction during World Space Business Week.