RKLB is trading 4.7% higher at $102.60 after announcing a landmark acquisition of Iridium Communications valued at approximately $8.0 billion.
- The deal creates a vertically integrated space platform, combining Rocket Lab’s launch and satellite manufacturing capabilities with Iridium’s global L-band network.
- Investors are cheering the strategic move to better compete with industry players like SpaceX and significantly expand recurring revenue streams.