Rocket Lab to Acquire Iridium Communications; Stock Surges

Key Facts

In a move that underscores accelerating M&A activity in the space sector, Rocket Lab (RKLB) announced the acquisition of Iridium Communications, according to media reports. The news drove a sharp rally in the acquirer's stock, signaling strong market confidence in the deal.

The announcement follows a strong performance for Rocket Lab shares, which closed at $98.01 on June 29, 2026, trading in a range of $89.85 to $99.04 during the session. Wall Street views the deal as strengthening Rocket Lab's satellite communications portfolio amid growing demand for space-based infrastructure.

Investors are now focused on deal terms, expected closing timeline, and any regulatory approvals. The stock currently trades at $98.01 (close of June 29, 2026), with market participants awaiting management commentary on the combined company's growth trajectory post-acquisition.