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Iridium shareholders approve Rocket Lab’s $54-a-share acquisition, clearing key step toward mid-2027 close

Iridium stockholders approved Rocket Lab’s acquisition with 99.6% of votes cast, endorsing consideration valued at $54 per share, comprising $27 in cash and collared Rocket Lab stock. The transaction remains subject to regulatory approvals and is expected to close by mid-2027, while Rocket Lab signals further deals ahead.

Discovered 2026-09-24T13:51:17.650916-07:00 | 2026-09-24T13:51:17.650916-07:00

Briefing

What Hype is tracking

The 99.6% shareholder vote advances Rocket Lab’s planned acquisition of Iridium, which would broaden the launch company’s position in the satellite sector; the deal is still subject to regulatory approvals and a mid-2027 closing target.
The transaction follows Rocket Lab’s announced strategy to expand significantly into the satellite sector, while CFO Adam Spice’s comments indicate additional M&A may follow.

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