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Rocket Lab’s $8B Iridium Deal | Business and Finance News
Description
Rocket Lab is set to acquire Iridium Communications for $8 billion, merging satellite launch expertise with a global network to dominate the space industry — a deal poised to skyrocket Rocket Lab’s revenue and stock, already surging 11% post-announcement, while also securing key NASA contracts that solidify its launch leadership, despite still trading below its all-time high — a five-year investment has already turned $1,000 into nearly $9,000.
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