Quick Read – Rocket Lab’s $8 billion Iridium acquisition lifted RKLB 12% and helped push ASTS and PL up 10%, recovering part of a ~45% prior-month selloff. – Iridium brings $872M in revenue, $495M in EBITDA, and 2.55 million subscribers, attaching hard cash flow to Rocket Lab’s…
unch and manufacturing business. – RKLB and ASTS carry high betas so volatility is a concern, and the Rocket Lab deal still needs shareholder and regulatory approval before a mid-2027 close. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn’t make the cut. Grab the names FREE today
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 riding the momentum.
AST SpaceMobile (NASDAQ:ASTS) stock is up 10% to $78 and change, while Planet Labs (NYSE:PL) stock is up 10% to $29.90. The rally cuts against a brutal stretch for the group. Rocket Lab stock had fallen 44% over the prior month, while Planet Labs stock was down 46% and AST SpaceMobile stock was down 45% over the same window.