Rocket Lab Corp (NASDAQ:RKLB) shares are moving higher Tuesday. Multiple analysts provided updates following the company's Iridium acquisition announcement.

Rocket Lab jumps after announcing an $8 billion deal to acquire Iridium, expanding into space-based telecom and satellite services.

Rocket Lab bought the satellite operator Iridium Communications in a bid to create a vertically integrated rival to Elon Musk's SpaceX.