What changed
Rocket Lab entered into a merger agreement with Iridium Communications on June 28, 2026. Each Iridium share converts into $27.00 in cash and Rocket Lab stock at an exchange ratio of 0.4000 if Rocket Lab’s stock price is at or below $67.50, or 0.2400 if at or above $112.50. The deal is structured as a tax-free reorganization for U.S. federal income tax purposes if stock consideration conditions are met.
Why it matters
Rocket Lab entered into a merger agreement with Iridium Communications on June 28, 2026. Each Iridium share converts into $27.00 in cash and Rocket Lab stock at an exchange ratio of 0.4000 if Rocket Lab’s stock price is at or below $67.50, or 0.2400 if at or above $112.50. The deal is structured as a tax-free reorganization for U.S. federal income tax purposes if stock consideration conditions are met.