Iridium Communications reports strong earnings and Rocket Lab pursues $8 billion acquisition
RKLB Rocket Lab Corp
$52.60 +2.69%
View chart & analysis → - 1Iridium Communications recorded earnings per share of $0.98 and revenue of $245.7 million for the third quarter of 2026.
- 2A deal for the acquisition of Rocket Lab is underway at a scale of $8 billion.
- 3Rocket Lab shares rose 4.5% following the Iridium earnings announcement.
So what's the key point?
Iridium Communications earned a profit and is working on a deal to buy Rocket Lab for $8 billion. Following this news, Rocket Lab's stock price increased by 4.5%.
Source The Motley Fool +1 · View original ↗
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