Quick Read – Rocket Lab (RKLB) acquired Iridium (IRDM) for $8 billion, buying 66 satellites and 2.56 million customers rather than spending a decade building from scratch. – Rather than matching Starlink’s 10,000-satellite broadband fleet, Rocket Lab targets maritime, IoT, and…
tional-security niches where Iridium already dominates. – After three years stuck near its $4.1 billion SPAC price, RKLB surged 2,138% in two years to reach a $60 billion market cap at 89 times sales. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Iridium Communications didn’t make the cut. Grab the names FREE today
Rocket Lab (NASDAQ:RKLB) shareholders who bought two years ago are now sitting on one of the loudest re-ratings in the market. The stock traded at $4.54 on July 1, 2024. It closed $101.65 on June 30, 2026, a staggering 2,138% two-year run.
Retail investors are now treating the ticker like a proxy for the entire small-launch economy. On June 29, the company announced it was buying Iridium Communications (NASDAQ:IRDM) in an $8 billion cash-and-stock deal valuing Iridium roughly 20% above its Friday close. The re-rating from SPAC purgatory to $60 billion Rocket Lab came public through a SPAC in August 2021 at a $4.1 billion valuation and then did nothing for years.