Iridium Communications

Stories

Rocket Lab secures full financing for Iridium acquisition

Target of acquisition; amended credit agreement to permit change of control

Rocket Lab has fully funded its roughly $8 billion purchase of Iridium Communications. A $1.94 billion share sale closed on schedule, and the $3.6 billion bridge loan that had backstopped the cash portion is now canceled.

Updated Sep 16

Rocket Lab agrees to acquire satellite operator Iridium

Money Moves

Acquisition target

Iridium nearly vanished. In 2000, investors bought its satellite network out of bankruptcy for about $25 million. On June 29, 2026, Rocket Lab agreed to buy the same company for roughly $8 billion.

Updated Jun 29