Rocket Lab Acquires Iridium Communications for $8B, RKLB Surges 12%

Rocket Lab secures Iridium Communications in an $8B deal at $54 per share. The acquisition announcement drives RKLB stock up 12% in pre-market trading to $94.62.

Woofun AI reports that Rocket Lab has announced the acquisition of all outstanding common shares of Iridium Communications at a price of $54 per share. This transaction values the satellite service provider at approximately $8 billion in enterprise value. Following the disclosure, RKLB shares rose nearly 12% in pre-market trading, reaching $94.62.