Let $\mathbf F_s(t)$ and $\mathbf F_b(t)$ denote the forces exerted on the sattelite and booster during the explosion respectively. Let the explosion take place during the time interval $[t_1, t_2]$, then the impluses experienced by the satellite and booster during the explosion equal the changes in their momenta;
\begin{align}
\mathbf I_s &= \int_{t_1}^{t_2}dt\,\mathbf F_s(t) =\int_{t_1}^{t_2}dt\,\dot{\mathbf p}_s(t) = \mathbf p_s(t_2) - \mathbf p_s(t_1) = \Delta \mathbf p_s\\
\mathbf I_b &= \int_{t_1}^{t_2}dt\,\mathbf F_b(t) =\int_{t_1}^{t_2}dt\,\dot{\mathbf p}_b(t) = \mathbf p_b(t_2) - \mathbf p_b(t_1) = \Delta \mathbf p_b
\end{align}
If we assume that there are no external forces on the system, then momentum must be conserved, namely there should be no net change in momentum;
\begin{align}
\Delta \mathbf p_s + \Delta\mathbf p_b = 0
\end{align}
so the impulses on the satellite and booster must be equal and opposite;
\begin{align}
\mathbf I_s = -\mathbf I_b
\end{align}
Of course, in reality this is an approximation because if there are other pieces that break off during the explosion, then strictly speaking, their momenta need to be accounted for as well. We assume these extra pieces have negligible comparable momenta. We also assume that the "impulse of the explosion" to which the problem refers is the magnitude of each of these impulses and is denoted by $I$.
Since there are only two objects, we can treat the final momenta of the system one-dimensionally (they will be equal and opposite), the impulse-momentum relationships above then tell us that
\begin{align}
m_s v_s = I, \qquad m_b v_b = -I
\end{align}
where we have taken $v_s(t_1) = 0$, $v_b(t_1) = 0$, $v_s(t_2) = v_s$, and $v_b(t_2) = v_b$. The rest is algebra.