← Back to headlines
Rocket Lab to Acquire Iridium in $8 Billion Space Deal
Rocket Lab announced its intention to acquire satellite communications firm Iridium in an $8 billion cash-and-stock deal, a move seen as a shortcut to expanding its capabilities and taking on competitors like SpaceX's Starlink. This consolidation in the space industry has led to significant stock movements for both companies.
29 Jun, 11:07 — 29 Jun, 14:07
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (59/100)6 sources33/33
Spectrum spread— 3/5 buckets covered17/33
Far L
Left2
Left (2)
cnbcYahoo
Center2
Center (2)
marketwatchbloomberg
Right2
Right (2)
seeking-alphachannel-news-asia
Far R
Geographic diversity— 2 regions9/34
US5Singapore1
Sources
Showing 4 of 6 sources
bloombergHigh41d ago
Rocket Lab to Buy Iridium for $8 Billion to Expand Network - Bloomberg
Rocket Lab to Buy Iridium for $8 Billion to Expand Network Bloomberg
Read full article →cnbcMostly Factual41d ago
Rocket Lab pops 9%, Iridium soars 20% on $8 billion space consolidation deal
Iridium shareholders will receive $27 in cash as well as Rocket Lab shares, with a combined value of $54 per Iridium share.
Read full article →marketwatchMostly Factual41d ago
Rocket Lab to take on SpaceX’s Starlink with $8 billion acquisition
Rocket Lab said it is buying Iridium as a “shortcut” to expanding its growing capabilities.
By William Gavin
Read full article →seeking-alphaMixed41d ago
Rocket Lab to acquire Iridium in $8B cash-and-stock deal
Read full article →Coverage Timeline
First report: bloomberg · 29 Jun, 11:07|Full coverage: 6 · 3h|Window: 3h
Left-leaningCenterRight-leaning
