Iridium Communications Inc. IRDM

Iridium Communications (IRDM) has drawn fresh attention after recent trading left the shares at US$48.75, with the satellite operator showing a 3.3% move over the past month and 12.0% over the past 3 months. For context, Iridium Communications has seen a 12.0% three month share price return and a very strong year to date share price return of 174.5%. The one year total shareholder return of 181.9% points to momentum that has been building rather than fading. Scan other satellite and telecom...

AST SpaceMobile is burning through capital at a staggering pace while racing to blanket the globe with satellites, and whether that gamble pays off depends on a narrow window of execution that could either vindicate the bulls or punish patient investors.

Nearly 100% of votes cast backed the acquisition, bringing Rocket Lab closer to completing its planned purchase of Iridium.

Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium" or the "Company"), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, and Rocket Lab Corporation (Nasdaq: RKLB) ("Rocket Lab"), a global leader in launch and space systems, today announced that Iridium stockholders have adopted the previously announced Agreement and Plan of Merger under which Rocket Lab will acquire Iridium.

Rocket Lab Corporation (NASDAQ:RKLB) shares rose 8% on September 21 to close at $69.89, their best single-day performance in nearly two months, before rallying another 2% overnight as CEO Peter Beck laid out his fullest public case yet for why acquiring Iridium Communications Inc. (NASDAQ:IRDM) isn’t just another space-industry merger, but rather a rebranding of […]

CEO Peter Beck estimated Rocket Lab could have deployed Iridium’s constellation for about $350 million instead of $3 billion.

Iridium shareholders will vote on the $8.1 billion enterprise-value deal on Sept.24, with closing targeted for mid-2027.

The space business is roaring, and it isn’t just SpaceX getting all the applause. Rocket Lab stock jumped Monday after Cantor Fitzgerald analyst Andres Sheppard issued a bullish note on the company. Sheppard reiterated his Outperform rating with a $122 price target.

Cantor Fitzgerald just restated its bull case for Rocket Lab with a $122 target, yet the stock is trailing a space peer that received no catalyst at all, and that disconnect tells you something important about what is actually driving Monday's rally.

According to TheFly, Cantor reiterated its $122 target on RKLB as Rocket Lab advances the Iridium transaction and racks up another successful Electron launch.

The stock is down sharply from its peak, but Cantor's target implies room to nearly double

Rocket Lab Corporation (NASDAQ:RKLB) is approaching a milestone, and Wall Street recently offered it a new vote of confidence that extends beyond the company’s own rockets. Raymond James launched coverage of RKLB on September 11 with an Outperform rating and a $80 price target, implying a roughly 29% increase from current levels, and pointed out […]

Rocket Lab takes a hit as $1.94 billion stock sale fuels dilution worries