Latest / Durham News Today | 2 Min News | The Daily News Now!
Rocket Lab’s Iridium Deal Sparks Valuation Surge | Durham News
Rocket Lab is poised to become the next SpaceX — and Wall Street is taking notice. After announcing an $8 billion deal to acquire Iridium Communications, the company’s stock surged 16%, fueled by Morgan Stanley’s 58% price target bump. The acquisition gives Rocket Lab instant access to Iridium’s massive satellite network and subscriber base — a direct shot at competing with Starlink. Already the world’s second-most-used launch vehicle, Rocket Lab is now building its own constellation with the Neutron rocket to slash costs. While they’re not yet SpaceX, Morgan Stanley sees potential for Rocket…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.