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Why Rocket Lab Stock Went to the Moon Today

The Motley Fool·
Why Rocket Lab Stock Went to the Moon Today

Rocket Lab announced an $8 billion acquisition of Iridium Communications, paying $54 per share ($27 cash, rest in stock). The deal combines Rocket Lab's launch capabilities with Iridium's satellite constellation for IoT, aviation, maritime, and positioning services, positioning the company to compete more directly with SpaceX's Starlink business.

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