What Happened? Shares of aerospace and defense company Rocket Lab NASDAQ:RKLBjumped 11.7% in the afternoon session after the company announced it would acquire satellite communications company Iridium Communications in a deal valued at approximately $8 billion.Rocket Lab would buy all outstanding s…
Rocket Lab (RKLB) shares surged in trading on Monday after the company announced an $8 billion cash-and-stock acquisition of satellite communications provider Iridium Communications (IRDM), one of the biggest consolidation moves in the commercial space industry.Rocket Lab stock climbed 12% at the t…
By Robert CyranDavid’s fight against Goliath had nothing on Rocket Lab’s NASDAQ:RKLB new mission. The space-launch vehicle and satellite maker on Monday agreed to acquire Iridium Communications NASDAQ:IRDM in a deal valued at $8 billion, including debt. They say they’re creating a vertically integr…
Rocket Lab is a space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Its Electron rocket is the world's most frequently launched orbital small rocket, while the company’s HASTE rocket provides hyper…
By Micah MaidenbergRocket Lab agreed to buy Iridium Communications, a deal that would give it control over a satellite fleet and access to wireless resources it could use to compete with SpaceX.The cash-and-stock deal values shares of Iridium at $54 each, suggesting an $8 billion enterprise value f…
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** Rocket Lab <RKLB.O> struck an $8 billion deal to acquire satellite communications provider Iridium Communications <IRDM.O>, betting that owning everything from rockets to satellite networks will define th…
Rocket Lab NASDAQ:RKLB rose 11.78% in premarket after the company announced a definitive agreement to acquire Iridium Communications NASDAQ:IRDM for $54 per share in a cash and stock transaction, implying an enterprise value of approximately $8 billion. Iridium shareholders will receive $27 in cash…
By Al Root and Kit NortonRocket Lab wants to be more like SpaceX. Investors love the idea.Rocket Lab is making an $8 billion strategic shift. It's buying satellite Iridium Communications.Rocket Lab will pay $54 a share in a cash and stock transaction.The stocks of both companies popped in premarket…
WASHINGTON (dpa-AFX) - Rocket Lab Corporation (RKLB), an aerospace manufacturer and launch service provider, said on Monday that it has inked a deal to buy Iridium Communications Inc. (IRDM), a voice, data, and satellite services provider, for $54 per share in cash and share, which represents an en…
Rocket Lab agreed to acquire Iridium in a cash-and-stock transaction and arranged financing to support the deal. Iridium shareholders will receive $27.00 in cash plus Rocket Lab stock determined by a VWAP-based exchange ratio ranging from 0.4000 to 0.2400, subject to customary approvals and conditi…
The following bids, mergers, acquisitions and disposals were reported by 1130 GMT on Monday:** Rocket Lab NASDAQ:RKLB said it would acquire satellite communications provider Iridium Communications NASDAQ:IRDM in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidat…
Rocket Lab Corp. (RKLB) on Monday announced plans to acquire Iridium Communications Inc. (IRDM) in a cash and stock deal as it looks to unlock synergies of vertical integration.Rocket Lab stated that its deal represents an enterprise value for Iridium of approximately $8 billion.Rocket Lab shares w…
By Robb M. StewartRocket Lab is buying Iridium Communications in a deal worth about $8 billion, bringing together the space systems and launch specialist with a global mobile satellite business.The move will broaden Rocket Lab's reach and create a space company that covers launches, spacecraft, spe…
Rocket Lab NASDAQ:RKLB said on Monday it would acquire satellite communications provider Iridium Communications NASDAQ:IRDM in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidation moves in the commercial space industry.Iridium shareholders will receive $27 in c…
The acquisition combines launch, manufacturing, and global satellite communications, creating a vertically integrated space leader. The $8 billion deal is expected to be highly accretive, accelerate market entry, and unlock new recurring revenue streams.Based on Rocket Lab Corporation [RKLB] M&A an…
Rocket Lab NASDAQ:RKLB said on Monday it would acquire satellite communications provider Iridium Communications NASDAQ:IRDM in a cash-and-stock deal valued at about $8 billion, marking one of the biggest consolidation moves in the commercial space industry.Iridium shareholders will receive $27 in c…
A $8B acquisition merges launch and satellite manufacturing with a global communications network, creating a vertically integrated space company. The deal is expected to close in mid-2027, delivering recurring revenue, cost synergies, and expanded market reach.Original document: Rocket Lab Corporat…
A transformative acquisition combines launch, manufacturing, and global satellite communications, creating a vertically integrated space leader. The $8B deal, closing mid-2027, accelerates market entry, unlocks new services, and secures valuable spectrum rights.Original document: Rocket Lab Corpora…
Rocket Lab to acquire IridiumUnites Rocket Lab's leading launch and satellite manufacturing capabilities with Iridium's global network, spectrum, and experience to unlock critical space applications.Adds material revenue scale and is significantly accretive to Rocket Lab's cash flow generation and…
Shares of Rocket Lab (RKLB) jumped 2% overnight late Sunday after the space company said that its next Electron mission, “The Grain Goddess Provides,” will open its launch window at the end of this month.RKLB stock is down over 40% so far in June, on track for its worst monthly performance on recor…
