8-KCurrent report
Material agreement
✓ VerifiedRocket Lab entered a merger agreement to acquire Iridium for $27.00 in cash plus stock per share, a transaction the companies value at $54.00 per share or roughly $8.0 billion in enterprise value.
7.01 Reg FD disclosure
Filed Jun 29, 2026 · 08:11 ET
Summary
- Rocket Lab entered into the Agreement and Plan of Merger with Iridium and two merger subsidiaries on June 28, 2026.
- Each Iridium share converts into $27.00 in cash plus Rocket Lab stock under an exchange ratio collared between 0.4000 and 0.2400 across a $67.50 to $112.50 Rocket Lab price range.
- The agreement provides for a termination fee of $223.62 million payable by Iridium to Rocket Lab under specified circumstances.
- The companies anticipate completion in mid-2027, subject to Iridium stockholder approval and regulatory approvals.
- The press release describes the acquisition as creating a vertically integrated space company spanning launch, satellite manufacturing, and communications services.
Key facts
- Cash consideration
- $27.00 per share
From the filing for Cash consideration
“will be converted into the right to receive (i) $27.00 in cash”
- Notional value
- $54.00 per share
From the filing for Notional value
“The transaction has a notional value of $54.00 per share of Iridium common stock”
- Enterprise value
- approximately $8.0 billion
From the filing for Enterprise value
“an enterprise value for Iridium of approximately $8.0 billion”
- Termination fee
- $223.62 million
From the filing for Termination fee
“termination fee of $223.62 million by Iridium to Rocket Lab”
- Timeline
- mid-2027
From the filing for Timeline
“The transaction is expected to be completed in mid-2027”
Why it mattersThis is the acquirer's definitive record of the largest space-industry deal of the year, with the price, the collar, and the walk-away cost.
- Filed
- Jun 29, 2026
- Accepted
- 2026-06-29 12:11Z
- Period
- Jun 28, 2026
- Accession no.
- 0001753926-26-001085
- Size
- 13.8 MB
- Index
- Filing index