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Iridium (IRDM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
(Bloomberg) -- As Elon Musk basked in the public spectacle of SpaceX’s blockbuster initial public offering this month, another — altogether more restrained — rocket executive also hailing from the Southern Hemisphere was putting the final touches on his biggest strategic move. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS Stocks Get Tec
The proposed deal brings together Rocket Lab’s launch expertise with Iridium’s global satellite communications network and subscriber base.
Rocket Lab (NasdaqGS:RKLB) has agreed to acquire Iridium Communications in an all stock deal valued at about US$8b. The transaction would shift Rocket Lab from a pure launch provider into a vertically integrated space and satellite communications business. The deal adds an operational satellite network, spectrum rights and a broad communications customer base to Rocket Lab's existing launch and spacecraft operations. Rocket Lab has been known primarily for its small launch vehicles and...
Iridium Communications Inc. (NASDAQ:IRDM) is one of the 10 Stocks Investors Are Chasing Right Now. Iridium Communications soared to a nearly three-year high on Monday, as investors gobbled up shares following news that it is set to merge with Rocket Lab Corp. for $8 billion. In intra-day trading, the stock climbed to a record high […]
Rocket Lab Corp. (NASDAQ:RKLB) is one of the 10 Stocks Investors Are Chasing Right Now. Rocket Lab saw its share prices jump by 15.93 percent on Monday to close at $98.01 apiece, as investors gobbled up shares following news that it is expanding into satellite communications for $8 billion. This followed announcements during the day […]
The satellite specialist is merging with a rocket launch leader.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 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.
AST SpaceMobile gave investors another constellation milestone, keeping attention on launch cadence and the path toward commercial service.
Iridium Communications stock soars as Rocket Lab agrees to buy the company at a significant premium. But is there any further upside left in IRDM shares? Let’s find out!
Wall Street bounced back Monday as investors hit pause on last week’s tech selloff. A flurry of corporate deal activity lifted major indexes.
Dow Jones Futures: The stock market rallied Monday on U.S.-Iran news. Alphabet, Rocket Lab, SpaceX stock and Tesla surged.
Rocket Lab's strategy appears similar to SpaceX and its Starlink satellite business.
Yahoo Finance Senior Autos Reporter Pras Subramanian joins Market Domination to discuss Rocket Labs' (RKLB) deal to purchase Iridium Communications (IRDM), how the deal expands its satellite capabilities, and whether it strengthens the company's position against SpaceX (SPCX).
Planet Labs Surges After Rocket Lab's Blockbuster Iridium Buy
Craig-Hallum states that the $8-billion acquisition expands Rocket Lab’s space services footprint instead of putting it in direct competition with SpaceX’s Starlink.
Rocket Lab will buy Iridium in a cash-and-stock deal, combining launch, satellite manufacturing, and low-Earth orbit communications.
Rocket Lab Stock Surges After Landmark Deal. SpaceX Has a New Challenger
Rocket Lab USA Inc (NASDAQ:RKLB) announced that it has agreed to acquire Iridium Communications in a cash-and-stock transaction valued at approximately $8 billion in a deal that would combine a leading launch and spacecraft manufacturer with an established global satellite communications...
A blockbuster deal positions the company to compete more directly with SpaceX.
All three major US stock indexes were up in late-morning trading Monday, as the US and Iran once aga
Is Rocket Lab's Iridium purchase good news for Viasat? There's two ways to answer that.
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.