SpaceX protests FCC review of Rocket Lab’s $8 billion Iridium acquisition
Rocket Lab’s planned purchase of Iridium Communications, valued at roughly $8 billion, is facing a formal objection from SpaceX filed with the FCC on November 10. SpaceX does not oppose the transaction itself but argues that Iridium’s historic spectrum practices should be considered in the public‑interest assessment. Iridium shareholders approved the deal in September and the companies expect closing in 2027, subject to FCC approval.
Why it matters
The FCC’s decision could delay the closing of the merger beyond 2027, postponing Rocket Lab’s integration of Iridium’s 2.55 million subscribers and 66 satellites. A delay may also affect Rocket Lab’s growth outlook and the competitive dynamics in low‑Earth‑orbit communications.
Key facts
- 1Rocket Lab announced an acquisition of Iridium Communications valued at about $8 billion. finance.biggo.com
- 2The transaction price is $54 per Iridium share, comprising a cash component of $27 per share and Rocket Lab shares of equal value. eu.36kr.com
- 3Iridium shareholders approved the merger in September. finance.biggo.com
- 4Closing is expected in 2027, pending FCC approval and customary closing conditions. eu.36kr.com
- 5SpaceX filed a protest with the FCC on November 10, stating it does not oppose the acquisition but wants Iridium’s spectrum conduct considered. finance.biggo.com
- 6Iridium operates more than 2.55 million subscribers and 66 satellites in orbit. eu.36kr.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.