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Rocket Lab Soars 12% on $8 Billion Iridium Takeover, AST SpaceMobile and Planet Labs Rise 10%
Key takeaways
- Iridium brings $872M in revenue, $495M in EBITDA, and 2.55 million subscribers, attaching hard cash flow to Rocket Lab's launch and manufacturing business.
- RKLB and ASTS carry high betas so volatility is a concern, and the Rocket Lab deal still needs shareholder and regulatory approval before a mid-2027 close.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut.
Rocket Lab Soars 12% on $8 Billion Iridium Takeover, AST Space Mobile and Planet Labs Rise 10% David Moadel Mon, June 29, 2026 at 8:46 PM GMT+7 4 min read ASTS PL RKLB IRDM Quick Read Rocket Lab's $8 billion Iridium acquisition lifted RKLB 12% and helped push ASTS and PL up 10%, recovering part of a ~45% prior-month selloff.
Iridium brings $872M in revenue, $495M in EBITDA, and 2.55 million subscribers, attaching hard cash flow to Rocket Lab's launch and manufacturing business.
RKLB and ASTS carry high betas so volatility is a concern, and the Rocket Lab deal still needs shareholder and regulatory approval before a mid-2027 close.
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