Iridium Stockholders Clear Rocket Lab Acquisition

Rocket Lab (RKLB), Firefly (FLY), Planet Labs (PL), and Redwire (RDW) outperformed SpaceX (SPCX) this week. RKLB rose 14%, FLY 10%, RDW 8%, and PL 7%, while SPCX fell 3%. RKLB's gains followed successful launches and a $122 price target from Cantor Fitzgerald. FLY expanded its cleanroom capacity, PL announced new initiatives, and RDW secured a $980M contract. SPCX's sentiment turned bearish.

Iridium Communications (IRDM) stockholders approved a merger with Rocket Lab, with 99.6% of votes cast in favor. The deal, valued at $54.00 per Iridium share, is expected to close by mid-2027, subject to regulatory approvals.

Iridium Communications (IRDM) stockholders approved its acquisition by Rocket Lab (RKLB) with 99.6% of votes in favor. The deal, valued at $54.00 per Iridium share, includes $27.00 cash and Rocket Lab stock. Completion is expected mid-2027, pending regulatory approvals.

Iridium Communications (IRDM) stockholders approved a merger with Rocket Lab, with 99.6% voting in favor. Shareholders will receive $27.00 in cash and RKLB shares per IRDM share, with a notional value of $54.00. The deal is expected to close by mid-2027, pending approvals.

Rocket Lab (RKLB) shares rose 5.72% after winning a spot on a Space Force contract worth up to $981 million. Ark Invest added 369,612 shares, and Cantor Fitzgerald maintained an Overweight rating with a $122 price target, citing Neutron rocket as a key catalyst.

SpaceX leads in TipRanks' Smart Score with a 9, while Rocket Lab has a 5. Both have similar upside potential (~56%). Rocket Lab's Neutron rocket and Iridium deal are key catalysts. SpaceX faces a share unlock and Starship Flight 14. Redwire expands in defense and space infrastructure.