The transaction closes by mid-2027, shifting the aerospace firm's focus toward becoming a space services provider in addition to its existing rockets and spacecraft divisions. CEO Peter Beck estimates that using Rocket Lab's production lines could have reduced the cost of developing a constellation like Iridium's from $3 billion to approximately $350 million, while using L-band spectrum to provide signals 1,000 times more resistant to jamming than current GPS.
Tuesday, October 20, 2026
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Iridium Shareholders Approve Acquisition by Rocket Lab
Business26 days ago
A new space entity will take over the design, launch and operation of global satellite networks after a successful investor vote on the Iridium buyout. Rocket Lab will merge with the communications provider to create a vertically integrated powerhouse that controls its own constellations and brings critical communications capability to millions of users worldwide.
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