TradingKey – Space company Rocket Lab ( RKLB) after announcing an $8 billion acquisition of Iridium Communications ( IRDM ), saw its stock price surge by over 12% at one point. Under the terms of the transaction agreement, Iridium Communications shareholders will receive $27 per share in cash plus Rocket Lab stock, representing a total consideration of approximately $54 per share. The transaction is expected to close in mid-2027.

[Source: TradingView]

Reportedly, as a core player in the low Earth orbit (LEO) satellite communications sector, Iridium possesses globally unified L-band spectrum resources and a mature LEO satellite network. It has built a full-scenario service framework covering government defense, aviation and maritime, and…