๐ Rocket Lab snaps up Iridium in $8B deal โ $RKLB +11%, $IRDM +22% today
Big space M&A just dropped: Rocket Lab agreed to acquire Iridium Communications for ~$8 billion ($54/share, half cash, half stock), giving it Iridium's 66-satellite LEO network, globally licensed L-band spectrum, and 2.55 million subscribers across defense, aviation, and maritime markets. Both stocks surged โ Iridium nearly +22% and Rocket Lab +11% on the session. The deal is expected to close mid-2027 pending regulatory and shareholder approvals. Is this the vertical-integration play that finally makes Rocket Lab a full-stack space powerhouse? Not financial advice.
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