On June 29, 2026, Rocket Lab Corporation, a global leader in launch and space systems, and Iridium Communications, a leading provider of global voice, data and positioning, navigation, and timing satellite services, announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction. This represents an enterprise value for Iridium of approximately $8 billion. Wilson Sonsini Goodrich & Rosati is advising Rocket Lab on the transaction.

The transaction merges Rocket Lab's leading launch capabilities and satellite manufacturing with Iridium's global satellite communications network, spectrum, and 500-plus strong partner ecosystem to create a competitive, vertically-integrated space company that designs, builds, launches, and operates its own constellations, delivering critical communications capability to millions of users worldwide.

Wilson Sonsini's relationship with Rocket Lab stretches back many years, bringing the firm's deep NewSpace industry capabilities to bear across the company's financings, strategic partnerships, and regulatory matters as it continues to redefine commercial space initiatives.

The Wilson Sonsini team advising Rocket Lab on the Iridium acquisition includes Rob Ishii, Remi Korenblit, Doug Schnell, Curt Blake, Brian Chan, Cassie Wetzel, Rayna Guo, and Drew Downing.

For more information, please see Rocket Lab’s news release. Additional coverage can be found on The Wall Street Journal and Reuters.