US Stock Market Move | Splurge 8 billion US dollars to acquire Iridium Communications Rocket Lab (RKLB.US) rose more than 12%

On Monday, Rocket Lab (RKLB.US) skyrocketed at the opening, with an increase of over 12% as of the time of writing. The company announced that it will acquire satellite communications service provider Iridium Communications Inc. (IRDM.US) in a cash and stock deal, with a total value of around $8 billion. If the deal goes through, it will be one of the largest integration actions in the commercial space industry in recent years. Prior to this, the company has gradually expanded its spacecraft manufacturing and component businesses through a series of small acquisitions. This acquisition will combine Rocket Lab's launch rockets and satellite manufacturing business with Iridium Communications Inc.'s global L-band satellite network, licensed spectrum resources, and over 2.5 million subscribers (covering government, defense, aviation, maritime, and commercial markets) to form a synergistic ecosystem of aerospace manufacturing and communication services.