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Rocket Lab said the Iridium deal gives it an immediate foothold in space-based applications.

Rocket Lab (RKLB) said Monday that it has agreed to acquire Iridium Communications (IRDM) in a cash-

The $8 billion deal would give Rocket Lab control over a satellite fleet and access to wireless resources it could use to compete with SpaceX.

June 29 (Reuters) - Rocket Lab said on Monday it would acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion, marking one of the biggest

Rocket Lab stock gained 6.9% in premarket trading on Monday. Rocket Lab will acquire Iridium for $54 a share in a cash and stock transaction, according to a media release. Rocket Lab on Monday called the acquisition of the satellite company “one of the most transformative deals in the space industry.”

Rocket Lab said on Monday ‌it would acquire ‌satellite communications provider Iridium Communications ​in a cash-and-stock deal valued at about $8 billion, marking one of the ‌biggest ⁠consolidation moves in the commercial space industry. Iridium ⁠shareholders will receive $27 in cash and Rocket ​Lab shares, ​with ​a combined ‌value of $54 per Iridium share. The deal is expected to close in mid-2027.

Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.

↘️British American Tobacco (UK: BATS): The tobacco giant and maker of Dunhill cigarettes saw its London-listed shares drop more than 1% after it announced plans to cut 5,500 jobs and outsource a further 3,500 roles.

The mission will deploy another QPS-SAR satellite to low Earth orbit for QPS Inc.’s Earth-imaging constellation.

Higher component costs, ambitious capital spending and concerns over consumer demand drove sharp moves across several major technology stocks during the week.

After falling roughly 25% this week, Rocket Lab stock is now off 44% from its high.

Rocket Lab Corporation recently placed Synspective’s tenth StriX radar Earth‑observation satellite into a 552 km orbit on its Electron rocket and was selected by NASA for three dedicated Electron launches supporting the PolSIR and TSIS‑2 science missions from New Zealand starting in 2027. These wins, alongside Rocket Lab’s record‑fast VICTUS HAZE responsive launch for the U.S. Space Force, highlight its growing role as an integrated launch and space‑systems provider for both civil and...

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 6.2% in the afternoon session after NASA selected the company for three dedicated Electron rocket launches for two science missions.

Rocket Lab stock rallied today on news of its 10th consecutive successful Electron rocket launch. But is there any further upside left in RKLB shares? Let’s find out.

Rocket Lab deployed Synspective’s 10th satellite aboard its Electron rocket from Launch Complex 1 in New Zealand.

The underdog rocket maker just achieved its fastest turnaround.

Space stocks are catching a bid in Friday midday trading. Virgin Galactic (NYSE:SPCE) stock is up 13% to $2.83, AST SpaceMobile (NASDAQ:ASTS) stock is up 9% to $71.72, and Rocket Lab (NASDAQ:RKLB) stock is up 5% to $84.40. The synchronized move has reignited a familiar debate on trading desks and financial social media. The question ... Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?

Two weeks after the largest IPO in history priced, SpaceX (NASDAQ:SPCX) opened at $1.8 trillion valuation and has drifted to roughly $2 trillion, which Chad Anderson, managing partner at Space Capital and a decade-long SpaceX backer, calls cheap. Speaking on CNBC on June 26, Anderson argued the space economy has been structurally underpriced for years and ... A 10-Year SpaceX Investor Says the $2 Trillion Price Tag Is Still Too Cheap

Three Electron launches for PolSIR and TSIS-2 join Aspera and LOXSAT on an expanding government launch schedule

NASA selected Rocket Lab for three Electron launches starting in 2027, a contract win that arrives as RKLB stock trades nearly 46% below its May 52-week high.

The ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

SpaceX just became the largest IPO in history, but its lofty valuation has left many investors searching for alternatives.

Rocket Lab Stock Gains After NASA Selects Electron for Multiple Launches

Rocket Lab was selected by NASA to provide three Electron launches for the PolSIR and TSIS-2 missions. The company supported the U.S. Space Force's VICTUS HAZE mission, setting a global record for launch turnaround. These missions expand Rocket Lab's government and defense work, highlighting its role in time sensitive, high value space projects. Rocket Lab (NasdaqGS:RKLB) is attracting attention after winning NASA's three launch contract and supporting a record speed mission for the U.S...

With market capitalization of $62.08 billion, Rocket Lab Corporation (NASDAQ:RKLB) is among the 10 Stocks That Could Double Over the Next 2 Years. On June 14, KeyBanc upgraded Rocket Lab Corporation (NASDAQ:RKLB) to Overweight from Sector Weight and assigned a $135 price target, citing what it views as attractive opportunities emerging across the commercial space industry. The […]

Rocket Lab is building one of the best pure-play space businesses in the world.

The launch window opens June 26 at 12:45 p.m. ET, though unsettled weather could affect timing.

NASA announced it will use Rocket Lab’s Electron rocket to launch the PolSIR and TSIS-2 missions from the company’s Launch Complex 1 in Mahia, New Zealand.

Rocket Lab will conduct three Electron rocket launches across two upcoming NASA missions. RKLB shares surge.

The pre-market session on Thursday was a wall of green. Micron Technology (NASDAQ:MU) ripped 12.32% intraday to $1,177.73 after a fiscal Q3 report that redefined what an AI-cycle blowout looks like. The rest of the memory complex came along for the ride. On CNBC the same morning, Global X’s Seana Smith framed the earnings report ... Micron’s Blowout Sparked a Chip Rally, but the Smart Money Is Already Rotating Into Defense and Space