Rocket Lab announces acquisition of satellite service provider Iridium Communications; RKLB surges 12% in pre-market trading
2026-06-29 11:53
Odaily Planet Daily News: Commercial aerospace company Rocket Lab (RKLB) officially announced that it has acquired all outstanding common shares of Nasdaq-listed satellite service provider Iridium Communications at a price of $54 per share, representing an Enterprise Value of approximately $80 billion for Iridium Communications.
Driven by this positive news, RKLB surged nearly 12% in pre-market trading, temporarily trading at $94.62. (Globenewswire)
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