News
Rocket Lab Stock Soars After Acquiring Satellite Company Iridium Communications
Licensing
08:58 AM ET 06/29/2026
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…
