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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 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

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.

↘️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 ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the telecommunication services industry, including Iridium (NASDAQ:IRDM) and its peers.

In June 2026, Iridium Communications announced that Mlink Technology began live on-air testing of its MS150-IR IoT-NTN chipset on Iridium NTN Direct, and separately launched the Iridium 9604 hybrid satellite/LTE-M/GNSS module and Development Kit for global IoT deployments. Together, these steps expand Iridium’s 3GPP-based IoT and chipset ecosystem, potentially making it easier for manufacturers and network operators to embed truly global satellite connectivity into everyday devices. Next,...

Iridium Communications (NasdaqGS:IRDM) announced that Mlink Technology's MS150-IR chipset has progressed to live, on-orbit testing using the Iridium NTN Direct service. The company also launched the Iridium 9604 module and Development Kit, aimed at supporting global multi-mode Internet of Things connectivity. Both announcements relate to Iridium's satellite powered IoT offering, including direct-to-device and hybrid satellite cellular solutions. Iridium Communications operates a global...

“You get what you pay for” often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.

Iridium launches the 9604 Hybrid IoT Module, blending satellite, LTE-M and GNSS connectivity in a compact design built for remote deployments.

GSAT is advancing its LEO network with the HIBLEO-4 replenishment mission to bolster satellite resilience and support reliable global connectivity.

GILT is seeing rising demand for mobile defense SATCOM solutions, driving new military orders, tech advances and a growing global pipeline.

We just covered Donald Trump Stock Portfolio: 10 Best AI and Tech Stock Picks in 2026. Iridium Communications (NASDAQ:IRDM) ranks #8 (see Donald Trump Stock Portfolio: 5 Best AI and Tech Stock Picks in 2026). The stocks identified in this article are based on Trump’s financial disclosure filings released by the U.S. Office of Government Ethics. […]

SATL is riding rising Earth observation demand, defense contract momentum and AI-first satellite technology as the stock extends its six-month surge.

LUNR expands lunar communications and navigation capabilities as demand grows for reliable infrastructure supporting future Moon missions.