Weekly Recap: Aireon acquisition completion and probe of proposed Rocket Lab sale

Iridium Communications Inc. (NASDAQ:IRDM) closed purchase of the remaining 60.5% of Aireon for about $366.7M, drawing $100M on its revolver and assuming $154.7M debt amid Q2 revenue of $225.2M and 2.627M subscribers, while Halper Sadeh probes the proposed sale to Rocket Lab for $27 cash plus stock.

Previous Week Recap

• Iridium Closes Aireon Purchase: Iridium (IRDM) closed purchase of remaining 60.5% of Aireon for ~$366.7M, drew $100M on revolver, assumed $154.7M debt. Q2 2026: revenue $225.2M, net income $9.7M, subscribers 2.627M.
• Halper Sadeh Probes Iridium Sale: Halper Sadeh probes Iridium Communications (IRDM) over proposed sale to Rocket Lab for $27 cash plus stock, examining possible securities-law violations and fiduciary breaches affecting shareholders.

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