Iridium stockholders approve Rocket Lab acquisition with 99.6% vote

TL;DR: Iridium stockholders approved Rocket Lab's acquisition of Iridium at a special meeting announced on September 24, 2026. About 99.6% of votes cast supported the deal, representing about 81.0% of Iridium's outstanding voting shares. The transaction terms include $27.00 in cash plus Rocket Lab shares per Iridium share, with a notional value of $54.00 per share, and closing is expected by mid-2027 pending approvals.

Iridium Communications said on September 24, 2026 that its stockholders adopted the previously announced merger agreement under which Rocket Lab will acquire Iridium.

Iridium said approximately 99.6% of the votes cast at its special stockholder meeting were in favor of the transaction. The company said those votes represented approximately 81.0% of Iridium's outstanding shares of common stock entitled to vote.

Under the transaction terms, Iridium stockholders will receive $27.00 in cash and a number of Rocket Lab common shares calculated under an exchange ratio, subject to a collar, for each Iridium common share outstanding at closing. Iridium said the transaction has a notional value of $54.00 per share of Iridium common stock.

Iridium said the acquisition is expected to close by mid-2027, subject to remaining regulatory approvals and other customary closing conditions.