Rocket Lab pops 9%, Iridium soars 20% on $8 billion space consolidation deal

🇺🇸 CNBC (US) —
Rocket Lab pops 9%, Iridium soars 20% on $8 billion space consolidation deal

AI Summary

Rocket Lab's stock rose 9% and Iridium soared 20% following an $8 billion space industry consolidation deal. Shareholders of Iridium will receive $27 in cash plus Rocket Lab shares valued at $54 per Iridium share, marking a significant consolidation in the space sector.

Iridium shareholders will receive $27 in cash as ⁠well as Rocket Lab shares, with a combined value of $54 per Iridium share.

Markets Deals AI & Tech Rocket Lab Iridium space industry consolidation shareholders stock market

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