Rocket Lab secures Synspective launch orders and Iridium merger approval

Rocket Lab has secured a significant expansion in its launch services, with Synspective ordering 20 additional Electron rocket launches scheduled between 2028 and 2031. This follows the successful 97th flight of the Electron rocket, which deployed Synspective’s 13th StriX satellite.

Concurrently, the proposed merger between Rocket Lab and Iridium Communications is progressing. Shareholders have approved the transaction with a 99.6% vote rate, representing 81% of voting Iridium shares. Under the terms of the deal, Iridium shareholders will receive $27.00 in cash plus a specific number of Rocket Lab shares, valuing the transaction at approximately $54.00 per Iridium share. The merger is expected to close by mid-2027, pending further regulatory approvals.