Svmuu News: Commercial space company Rocket Lab (RKLB) officially announced that it has acquired all outstanding common shares of Iridium Communications, a publicly traded satellite service provider listed on the Nasdaq, at a price of $54 per share on the U.S. stock market. This represents an enterprise value of approximately $8 billion for Iridium Communications.
Driven by this positive news, RKLB surged nearly 12% in premarket trading, currently trading at $94.62. (Globenewswire)
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Rocket Lab announced the acquisition of satellite service provider Iridium Communications; RKLB shares surged 12% in premarket trading.
svmuu.com29/06/2026 07:53
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