Shareholders approved the acquisition of RKLB.

More than 81% of the shares attended the vote, and not a single question was raised.

What remains is final approval from the FCC and other regulatory bodies.

Deal completion is expected in mid-2027, after which $Iridium(IRDM)$  will delist from Nasdaq.

Rocket Lab's CEO broke the space sector into 3 categories: rockets, which he estimated to be worth $10B-$20B; spacecraft, worth $20B-$30B; and applications and services, the layer Iridium's acquisition adds, which he described as the larger prize specifically since it is virtually invisible to the public. "Everybody interfaces with space every single day."

He added that the merger creates a self-launching "tier-1 space power," bringing rockets, spacecraft production, and now communications services under one roof.

"We build rockets, we build satellites, and with our acquisition of Iridium, we're also a services company from space."

Counterpoint: "Satellite IoT is moving beyond niche connectivity as 3GPP NTN and hybrid satellite-cellular connectivity bring satellite closer to the cellular ecosystem. The provisioning of satellite-based connectivity solutions is becoming a focus for MNOs, MVNOs, chipset and module vendors, device makers and IoT platforms, in addition to traditional satellite players."

Iridium and Skylo have emerged as 'Pacesetters.'