Rocket Lab Bets on Iridium to Build a SpaceX-Style Business – Merger Arbitrage Mondays
Iridium Communications Inc. (IRDM): $53.75 Market Cap: $5.68B Deal Value: $8B Rocket Lab Corporation (RKLB) entered a merger agreement on June 29, 2026, to acquire satellite…
Written byAsif SuriaSource: InsideArbitrage
Iridium Communications Inc. (IRDM): $53.75 Market Cap: $5.68B Deal Value: $8B Rocket Lab Corporation (RKLB) entered a merger agreement on June 29, 2026, to acquire satellite communications provider Iridium Communications in a deal valued at $8 billion, seeking to gain an edge by following SpaceX’s approach of building both its satellites and the rockets that