Iridium's 23.2% three-month rally draws on recurring service growth and expansion plans, but weaker earnings, valuation and deal risks cloud its outlook.
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IRDM's recurring service base and new satellite platforms widen its growth runway, but weaker earnings, leverage and deal uncertainty raise the bar.
Rocket Lab won a U.S. Space Force contract to launch at least 12 satellites. Shares of Rocket Lab rose about 5% on Monday morning.
Shares in satellite operator Viasat are shooting up again, extending a hot streak driven by the company’s spectrum portfolio. Spectrum is essential for satellite companies' orbital fleets to serve clients back on Earth.
Should investors bet big on Rocket Lab stock following its latest acquisition move?
Rocket Lab just made a move that could dramatically change its outlook.
Iridium Communications stock has surged 213.7% year to date, yet its valuation picture is split, with a Discounted Cash Flow (DCF) estimate pointing to upside while market multiples point to a richer price tag and a low overall value score. Year to date, Iridium Communications is up 213.7%, which puts extra focus on whether recent gains already reflect the expected benefits from its agreed US$8b cash and stock acquisition by Rocket Lab and ongoing IoT expansion. The pending Rocket Lab deal...
Is buying a profitable satellite network outright the smartest money this launch company has ever spent?
Investor interest in the broader space sector is reignited. Planet Labs PBC rallied over 15% after Rocket Lab announced its $8 billion acquisition of Iridium Communications.
During an interview with CNBC, Beck said that the $8 billion Iridium deal provides Rocket Lab with a great entry point to launch application services in space.
The space rally that kicked off yesterday is rolling straight into Tuesday’s session. Planet Labs (NYSE:PL) stock is up 8% to $33.65, Rocket Lab (NASDAQ:RKLB) stock is up 5% to $102.75, and SpaceX (NASDAQ:SPCX) stock is up 4% to $170.12 in midday trading. This looks like a broad move across the sector. All three pure-play ... Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On
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.
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.
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...
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 […]
The satellite specialist is merging with a rocket launch leader.
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!
Dow Jones Futures: The stock market rallied Monday on U.S.-Iran news. Alphabet, Rocket Lab, SpaceX stock and Tesla surged.
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 Stock Surges After Landmark Deal. SpaceX Has a New Challenger
A blockbuster deal positions the company to compete more directly with SpaceX.
Shareholders of both Rocket Lab and Iridium Communications apparently see benefits to their combination.
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%