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financialseismicupdated 6 Jul2026-06-29

Rocket Lab agrees to acquire Iridium in $8 billion cash-and-stock deal

Rocket Lab agreed to acquire Iridium Communications in a cash-and-stock deal valuing Iridium at about $8 billion enterprise value.

Rocket Lab and Iridium Communications said they signed a definitive agreement for Rocket Lab to acquire all outstanding Iridium common stock, per a joint press release filed as an exhibit to Rocket Lab's 8-K with the SEC on June 29, 2026. Iridium stockholders will receive $27.00 in cash plus Rocket Lab shares under an exchange ratio collared between $67.50 and $112.50, a structure the companies say has a notional value of $54.00 per Iridium share and implies an $8.0 billion enterprise value. Both boards approved the deal unanimously, Rocket Lab has commitments for a $3.6 billion bridge loan from Deutsche Bank and Wells Fargo, and the companies expect to close in mid-2027 subject to Iridium stockholder and regulatory approval. On July 6, 2026, Iridium said it completed its acquisition of the remaining 61% of Aireon, the space-based air-traffic-surveillance venture it did not already own, paying about $367 million to providers in Canada, England, Denmark, Ireland, and Italy, per SpaceNews, consolidating Aireon as a wholly owned subsidiary ahead of the Rocket Lab deal's close.

financialseismic2026-04-14

Amazon agrees to acquire Globalstar in $11.6 billion cash-and-stock deal

Amazon Leo will absorb Globalstar's satellite fleet and direct-to-device spectrum rights in a deal expected to close in 2027.

Amazon agreed April 14, 2026 to acquire Globalstar for up to $90 per share in cash or Amazon stock, a deal worth roughly $11.6 billion, per Amazon's own release. Globalstar shareholders holding about 58% of voting power approved the deal by written consent. Closing is expected in 2027, subject to regulatory approvals and Globalstar meeting satellite-deployment milestones tied to its HIBLEO-4 replacement constellation, with up to $110 million of downward price adjustment if those milestones are missed, per Amazon and IoT Business News. Amazon said it will use Globalstar's direct-to-device spectrum licenses and more than 30 years of low Earth orbit satellite operations expertise to build a next-generation Amazon Leo direct-to-device system. Globalstar CEO Paul Jacobs said the combination "will advance innovations in digital connectivity," and Apple SVP Greg Joswiak noted Apple and Amazon's existing infrastructure relationship, per Amazon's release.

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