Rocket Lab USA Inc. filed and mailed a merger proxy statement to Iridium Communications stockholders on August 26, 2026. The acquisition will transform Iridium into a wholly-owned subsidiary of Rocket Lab.
Under the agreement, Iridium stockholders will receive $27.00 in cash plus Rocket Lab common stock for each share. The stock component features a collar mechanism based on Rocket Lab’s share price.
Iridium stockholders will vote on the merger during a special meeting on September 24, 2026. Rocket Lab secured commitments for a $3.6 billion bridge facility to fund the cash requirements.
The transaction is expected to close in mid-2027. Completion remains subject to regulatory clearances and approval from Iridium stockholders.