Iridium Stockholders Approve Acquisition by Rocket Lab
- Iridium Communications and Rocket Lab announced that Iridium stockholders approved their previously announced merger agreement.
- About 99.6% of votes cast supported the deal, representing approximately 81.0% of Iridium’s outstanding voting shares.
- Iridium CEO Matt Desch said stockholders showed strong support, while Rocket Lab CEO Sir Peter Beck called the vote an important milestone.
- At closing, Iridium stockholders will receive $27 in cash plus Rocket Lab shares, with completion expected by mid-2027 pending approvals and other conditions.
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16 Articles
Rocket Lab CFO Adam Spice Predicts More M&A Deals on the Horizon
HOUSTON, TX — Iridium ($IRDM) shareholders voted overwhelmingly yesterday to approve the company’s proposed acquisition by Rocket Lab ($RKLB). According to Rocket Lab CFO Adam Spice, there’s more M&A on the horizon. In the shareholders meeting, 99.6% of votes were cast in favor of the buyout, putting Rocket Lab one step closer to owning the satcom giant. The deal is expected to close in mid-2027 for ~$54 per Iridium share—in a mix of cash and R…
Rocket Lab (RKLB) Stock Soars 5% After Iridium Deal Wins Stockholder Approval
TLDR Iridium stockholders approved Rocket Lab’s acquisition on September 24, 2026, with 99.6% of votes cast in favor. Approximately 81% of Iridium’s outstanding shares were represented at the special meeting. The deal values Iridium at a notional $54.00 per share, combining cash and Rocket Lab...
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