Rocket Lab Is Betting Everything On A Rocket That Hasn't Flown
Source: SeekingAlpha
2026-07-07 10:52:57 ET
Some deals, by nature, make you update a spreadsheet, while others make you want to throw it out. On June 29, 2026, Rocket Lab Corporation ( RKLB ) handed us the second kind of deal: agreeing to buy Iridium Communications Inc. ( IRDM ) for $8 billion in cash and stock, a 24% premium to Iridium’s prior close. The deal makes the upside much larger but also sharpens the risk at the same time, as both scenarios now run through a single rocket that still hasn't flown. That's the bet....
Read the full article on Seeking Alpha
For further details see:
Rocket Lab Is Betting Everything On A Rocket That Hasn't Flown
Iridium Communications Inc
NASDAQ: IRDM
IRDM Trading
-2.89% G/L:
$48.61 Last:
951,646 Volume:
$50.45 Open:
IRDM Latest News
