News

Rocket Lab agreed to acquire Iridium Communications in an $8 billion cash-and-stock deal, adding recurring telecom revenue and L-band spectrum to its launch business.

Rocket Lab Corp. and Iridium Communications Inc. announced Monday that they have entered into a definitive agreement under which Rocket Lab will acquire Iridium in a cash-and-stock transaction valued at approximately $8 billion in enterprise value. Under the agreement, Iridium...

Rocket Lab stock was up 3.1% at $100.94 in premarket trading, while the and were up 0.2% and 0.1%, respectively. The move follows on Monday’s massive 15.9% gain, which came after Rocket Lab agreed to buy Iridium for $54 a share, turning Rocket Lab into a mini- SpaceX with the ability to launch rockets, build satellites, and operate a communications network in space.

RKLB's planned Iridium acquisition would create a global satellite network, L-band spectrum and subscription revenue, reshaping its space business if approved.

ViaSat stock rocketed higher after the announcement Rocket Lab would buy Iridium. There could be further gains in store.

Companies in The News Are: IRDM,RKLB,CHTR,VZ,AMD

SPCX to enter Nasdaq-100, while Rocket Lab inks an $8B Iridium deal. Which space stock has the stronger long-term edge?

ViaSat stock rocketed higher after the announcement Rocket Lab would buy Iridium. There could be further gains in store.

The deal will be the rocket manufacturer’s “shortcut” to enter the space applications market, CEO Peter Beck said. Accessing Iridium’s spectrum could also help level the playing field with rival SpaceX.

The benchmark US stock measures rose before the bell Tuesday as markets head toward a strong finish

Iridium (IRDM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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The proposed deal brings together Rocket Lab’s launch expertise with Iridium’s global satellite communications network and subscriber base.

Rocket Lab (NasdaqGS:RKLB) has agreed to acquire Iridium Communications in an all stock deal valued at about US$8b. The transaction would shift Rocket Lab from a pure launch provider into a vertically integrated space and satellite communications business. The deal adds an operational satellite network, spectrum rights and a broad communications customer base to Rocket Lab's existing launch and spacecraft operations. Rocket Lab has been known primarily for its small launch vehicles and...

Iridium Communications Inc. (NASDAQ:IRDM) is one of the 10 Stocks Investors Are Chasing Right Now. Iridium Communications soared to a nearly three-year high on Monday, as investors gobbled up shares following news that it is set to merge with Rocket Lab Corp. for $8 billion. In intra-day trading, the stock climbed to a record high […]

Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Chasing Right Now. Rocket Lab saw its share prices jump by 15.93 percent on Monday to close at $98.01 apiece, as investors gobbled up shares following news that it is expanding into satellite communications for $8 billion. This followed announcements during the day […]

CEO Peter Beck said Iridium gives the company its missing “third leg” in space applications, making it a “self-launching company.”

The satellite specialist is merging with a rocket launch leader.

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 11.7% in the afternoon session after the company announced it would acquire satellite communications company Iridium Communications in a deal valued at approximately $8 billion.

AST SpaceMobile gave investors another constellation milestone, keeping attention on launch cadence and the path toward commercial service.

(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe

Iridium Communications stock soars as Rocket Lab agrees to buy the company at a significant premium. But is there any further upside left in IRDM shares? Let’s find out!

Wall Street bounced back Monday as investors hit pause on last week’s tech selloff. A flurry of corporate deal activity lifted major indexes.

Dow Jones Futures: The stock market rallied Monday on U.S.-Iran news. Alphabet, Rocket Lab, SpaceX stock and Tesla surged.

Rocket Lab's strategy appears similar to SpaceX and its Starlink satellite business.

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR E

Yahoo Finance Senior Autos Reporter Pras Subramanian joins Market Domination to discuss Rocket Labs' (RKLB) deal to purchase Iridium Communications (IRDM), how the deal expands its satellite capabilities, and whether it strengthens the company's position against SpaceX (SPCX).

Planet Labs Surges After Rocket Lab's Blockbuster Iridium Buy

Craig-Hallum states that the $8-billion acquisition expands Rocket Lab’s space services footprint instead of putting it in direct competition with SpaceX’s Starlink.

Rocket Lab will buy Iridium in a cash-and-stock deal, combining launch, satellite manufacturing, and low-Earth orbit communications.