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