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Nearly 100% of votes cast backed the acquisition, bringing Rocket Lab closer to completing its planned purchase of Iridium.
According to TheFly, Cantor reiterated its $122 target on RKLB as Rocket Lab advances the Iridium transaction and racks up another successful Electron launch.
Rocket Lab stock gains as the company raises $1.944 billion via an ATM offering to fund Iridium deal. Here’s how you should play RKLB shares at current levels.
The rocket launch and satellite specialist just reached an important milestone in its historic acquisition.
The company completed its $1.94 billion at-the-market (ATM) stock offering, selling about 29.3 million shares.
HSR period lapses as Rocket Lab moves to replace a $3.6 billion bridge facility
Rocket Lab is a pure-play space stock with businesses spanning the entire space value chain.
Starlink has been a gem for SpaceX, but it could face an influx of competition in the near future.
Rocket Lab just made its biggest move yet. The space company, known for launching small rockets into orbit, is buying Iridium Communications in a deal valued at about $8 billion. For years, Rocket Lab (RKLB) built rockets and satellite parts for other companies. Now it wants to own and ...
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!
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.
The cash-and-stock deal gives Rocket Lab a global satellite network, licensed spectrum, and 2.55 million subscribers
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
ARK Investment Management sold shares in Teradyne, Twist Bioscience, Iridium Communications, and Robinhood Markets, among other companies.
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