The space company Rocket Lab will acquire the satellite operator Iridium Communications in a deal valuing Iridium at $8.0 billion.
Both stocks leaped on the news
Shares of Rocket Lab (RKLB) rose 13% before the open and Iridium Communications (IRDM) rallied more than 20%, according to MarketSurge. The move would significantly expand Rocket Lab’s space operations, adding a 66-satellite network… Related news Rocket Lab Stock Looks To Buck Downtrend After NASA Mission Selection 6/25/2026 Rocket Lab will conduct three Electron rocket launches across two upcoming NASA missions. RKLB shares surge. 6/25/2026 Rocket Lab will conduct three Electron rocket launches across two