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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.

Rocket Lab Stock Surges After Landmark Deal. SpaceX Has a New Challenger

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (X

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first pa

Rocket Lab USA Inc (NASDAQ:RKLB) announced that it has agreed to acquire Iridium Communications in a cash-and-stock transaction valued at approximately $8 billion in a deal that would combine a leading launch and spacecraft manufacturer with an established global satellite communications...

A blockbuster deal positions the company to compete more directly with SpaceX.

All three major US stock indexes were up in late-morning trading Monday, as the US and Iran once aga

Is Rocket Lab's Iridium purchase good news for Viasat? There's two ways to answer that.

Rocket Lab is buying Iridium. Is Planet Labs next on the space shopping list?

Shareholders of both Rocket Lab and Iridium Communications apparently see benefits to their combination.

Rocket Lab (RKLB) agreed to acquire satellite communications provider Iridium Communications (IRDM)

Rocket Lab on Monday said it's agreed to acquire Iridium Communications for $8 billion in cash and stock.

Rocket Lab just issued a direct challenge to SpaceX's space supremacy.

Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.

Rocket Lab (NASDAQ:RKLB) shares gained 5% on Monday after the company announced an agreement to acquire satellite communications provider Iridium Communications (NASDAQ:IRDM) in a transaction valued at approximately US$8 billion. Trading in Iridium shares was halted pending the announcement after the stock last traded at US$43.

FEATURE Rocket Lab wants to be more like SpaceX Investors love the idea. Rocket Lab is making an $8 billion strategic shift. It’s buying satellite Iridium Communications Rocket Lab will pay $54 a share in a cash-and-stock transaction.

Rocket Lab, a challenger to SpaceX in the rocket launch business, is now going after SpaceX in a different way: satellite connectivity services.

Space stocks are catching a bid Monday morning after Rocket Lab (NASDAQ:RKLB) unveiled a definitive agreement to acquire Iridium Communications (NASDAQ:IRDM) in a cash-and-stock deal carrying an enterprise value of approximately $8 billion. Rocket Lab stock is up 12% to $95 in early trading. The deal validates consolidation across the satellite economy, and peers are ... Rocket Lab Soars 12% on $8 Billion Iridium Takeover, AST SpaceMobile and Planet Labs Rise 10%

The commercial space industry is entering a new phase. Simply reaching orbit is no longer enough to build a durable business. The companies likely to create the most shareholder value over the next decade are those that control more of the space economy — from designing satellites and launching them to operating the communications networks ... Rocket Lab’s $8 Billion Bet Could Turn It Into the Next SpaceX

Rocket Lab bought the satellite operator Iridium Communications in a bid to create a vertically integrated rival to Elon Musk's SpaceX.

The cash and stock transaction creates a vertically integrated space company with Iridium's global LEO network and L-band spectrum

The cash-and-stock deal gives Rocket Lab a global satellite network, licensed spectrum, and 2.55 million subscribers

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.