Rocket Lab Rises 3% on Iridium Deal Optimism; SpaceX and AST SpaceMobile Slip 1%

Quick Read Rocket Lab surged 3% after a $1.944 billion equity offering eliminated the need for a $3.6 billion bridge loan to fund its Iridium acquisition. The Iridium deal adds recurring satellite communications revenue to Rocket Lab's launch and spacecraft businesses, creating a more vertically integrated space company. The offering added 29.3 million shares, raising dilution concerns as Rocket Lab integrates Iridium while developing Neutron and awaiting mid-2027 regulatory approval. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) Rocket Lab Corporation (NASDAQ:RKLB) stock is rising 3% to $64.