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What Does Iridium Communications (IRDM) Stand To Gain From This Planned Acquisition?
Simply Wall St.12h agoneutral
What Does Iridium Communications (IRDM) Stand To Gain From This Planned Acquisition?

Rocket Lab has agreed to acquire Iridium Communications (NasdaqGS: IRDM), aiming to combine Iridium’s satellite communications network with its own launch and satellite manufacturing operations. The planned deal is intended to expand Rocket Lab’s role beyond launch services into broader space applications using Iridium’s existing infrastructure. Both companies expect the transaction to reshape their positions in satellite services, with potential effects on how rivals compete for government...

Rocket Lab doubles down on satellite network with $8B acquisition
TheStreet43d agoneutral
Rocket Lab doubles down on satellite network with $8B acquisition

Rocket Lab just made its biggest move yet. The space company, known for launching small rockets into orbit, is buying Iridium Communications in a deal valued at about $8 billion. For years, Rocket Lab (RKLB) built rockets and satellite parts for other companies. Now it wants to own and ...

Iridium (IRDM) Gets 25% Boost from $8-Billion Rocket Lab Merger
Insider Monkey44d agoneutral
Iridium (IRDM) Gets 25% Boost from $8-Billion Rocket Lab Merger

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 […]

Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year
24/7 Wall St.47d agoneutral
Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

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