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Rocket Lab is buying Iridium. Is Planet Labs next on the space shopping list?

Shareholders of both Rocket Lab and Iridium Communications apparently see benefits to their combination.

The all-stock deal values Iridium at $8 billion, and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.

Rocket Lab (RKLB) agreed to acquire satellite communications provider Iridium Communications (IRDM)

Rocket Lab on Monday said it's agreed to acquire Iridium Communications for $8 billion in cash and stock.

Rocket Lab just issued a direct challenge to SpaceX's space supremacy.

Comcast’s planned breakup is sending Charter Communications’ stock soaring. The cable giant plans to spin off NBCUniversal and Sky operations, leaving Comcast to focus on broadband, wireless and cable. “The core regulatory questions [for a potential bid] become cleaner: broadband concentration, local market overlap, wireless bundling and the FCC public interest review,” research firm MKI Global Partners said in a note today.

Rocket Lab (NASDAQ:RKLB) shares gained 5% on Monday after the company announced an agreement to acquire satellite communications provider Iridium Communications (NASDAQ:IRDM) in a transaction valued at approximately US$8 billion. Trading in Iridium shares was halted pending the announcement after the stock last traded at US$43.

FEATURE Rocket 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.

Rocket Lab, a challenger to SpaceX in the rocket launch business, is now going after SpaceX in a different way: satellite connectivity services.

Space stocks are catching a bid Monday morning after Rocket Lab (NASDAQ:RKLB) unveiled a definitive agreement to acquire Iridium Communications (NASDAQ:IRDM) in a cash-and-stock deal carrying an enterprise value of approximately $8 billion. Rocket Lab stock is up 12% to $95 in early trading. The deal validates consolidation across the satellite economy, and peers are ... Rocket Lab Soars 12% on $8 Billion Iridium Takeover, AST SpaceMobile and Planet Labs Rise 10%

The commercial space industry is entering a new phase. Simply reaching orbit is no longer enough to build a durable business. The companies likely to create the most shareholder value over the next decade are those that control more of the space economy — from designing satellites and launching them to operating the communications networks ... Rocket Lab’s $8 Billion Bet Could Turn It Into the Next SpaceX

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

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1%, and the actively trade

The cash and stock transaction creates a vertically integrated space company with Iridium's global LEO network and L-band spectrum

The cash-and-stock deal gives Rocket Lab a global satellite network, licensed spectrum, and 2.55 million subscribers

Stock Market Today: The Dow Jones index rose Monday on U.S.-Iran news. SpaceX stock rallied on its addition to the Nasdaq-100 index.

Rocket Lab said the Iridium deal gives it an immediate foothold in space-based applications.

Rocket Lab (RKLB) said Monday that it has agreed to acquire Iridium Communications (IRDM) in a cash-

The $8 billion deal would give Rocket Lab control over a satellite fleet and access to wireless resources it could use to compete with SpaceX.

June 29 (Reuters) - Rocket Lab said on Monday it would acquire satellite communications provider Iridium Communications in a cash-and-stock deal valued at about $8 billion, marking one of the biggest

Rocket Lab stock gained 6.9% in premarket trading on Monday. Rocket Lab will acquire Iridium for $54 a share in a cash and stock transaction, according to a media release. Rocket Lab on Monday called the acquisition of the satellite company “one of the most transformative deals in the space industry.”

Rocket Lab said on Monday ‌it would acquire ‌satellite communications provider Iridium Communications ​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 cash and Rocket ​Lab shares, ​with ​a combined ‌value of $54 per Iridium share. The deal is expected to close in mid-2027.

Technology stocks were trading higher in premarket trading Monday as the looked set to finally snap its five-day losing streak. Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week. Microsoft jumped 2% ahead of the open, while Amazon Alphabet Nvidia Meta and Tesla were all up around 1%.

↘️British American Tobacco (UK: BATS): The tobacco giant and maker of Dunhill cigarettes saw its London-listed shares drop more than 1% after it announced plans to cut 5,500 jobs and outsource a further 3,500 roles.

The mission will deploy another QPS-SAR satellite to low Earth orbit for QPS Inc.’s Earth-imaging constellation.

Higher component costs, ambitious capital spending and concerns over consumer demand drove sharp moves across several major technology stocks during the week.

After falling roughly 25% this week, Rocket Lab stock is now off 44% from its high.

Rocket Lab Corporation recently placed Synspective’s tenth StriX radar Earth‑observation satellite into a 552 km orbit on its Electron rocket and was selected by NASA for three dedicated Electron launches supporting the PolSIR and TSIS‑2 science missions from New Zealand starting in 2027. These wins, alongside Rocket Lab’s record‑fast VICTUS HAZE responsive launch for the U.S. Space Force, highlight its growing role as an integrated launch and space‑systems provider for both civil and...

Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 6.2% in the afternoon session after NASA selected the company for three dedicated Electron rocket launches for two science missions.