- ARK funds bought 62,497 Rocket Lab (RKLB) shares as RKLB agreed to acquire Iridium for about $8B; Iridium shareholders get $27 cash plus RKLB stock under a collar; deal expected to close mid‑2027.
- Citizens keeps Market Outperform and $130 target on Rocket Lab (RKLB), citing Neutron progress, renewed demand after Farnborough, and potential ~98% upside if Neutron succeeds and missions execute.
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Key facts: ARK Buys 62,497 RKLB; $8B Iridium Deal; Citizens $130, ~98% Upside
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ARK funds bought 62,497 Rocket Lab (RKLB) shares as RKLB agreed to acquire Iridium for about $8B; Iridium shareholders get $27 cash plus RKLB stock under a collar; deal expected to