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IRDM News19 articles
AST SpaceMobile Surges as BlueBird Launch Nears, Financing Eases Concerns
AST SpaceMobile (ASTS) jumps 4.9% premarket as BlueBird launch approaches; recent $1.15B convertible note sale eases funding stress but raises dilution concerns.
Rocket Lab Stock Gains on $266M Space Force Deal, Details Emerge
Rocket Lab shares climbed 4.5% in premarket trading Monday to $66.80 after the company released details on its $266 million Space Force contract, the largest in its history.
AST SpaceMobile Shares Slide After $1.15B Fundraise Puts Spotlight on Launch Timeline
AST SpaceMobile shares dropped 5% on Friday, as a $1.15 billion convertible note sale raised liquidity but highlighted the challenge of launching 36 more satellites by early 2027.
Rocket Lab Shares Plunge 8.7%, Breaching Iridium Deal Floor
Rocket Lab closed at $63.91, down 8.7%, breaching the $67.50 floor in its Iridium acquisition. Shares have fallen 34.8% in the past month.
Rocket Lab Stock Jumps on $266M Air Force Deal, But Funding Details Matter
Rocket Lab shares climbed in premarket after a $266 million Air Force contract, but just $112 million is funded upfront. The deal includes 12 base launches and six options.
SpaceX Stock Under Pressure as $109 Billion Lock-Up Expiration Looms
SpaceX stock slides as a $109 billion lock-up period expiration approaches, with 911.5 million shares potentially hitting the market on August 6.
Rocket Lab shares test $67.50 deal floor after 17% weekly slide
Rocket Lab shares closed Friday at $67.62, just above the $67.50 floor in its Iridium acquisition collar, after a 16.6% weekly decline.
Rocket Lab Shares Hit Deal Floor Despite Successful Neutron Engine Test
Rocket Lab shares dropped 11.2% to $67.63, briefly crossing the $67.50 lower collar of its Iridium deal, despite completing a full-duration Neutron engine test.
Rocket Lab's Decline Nears Collar Trigger in Iridium Deal
Rocket Lab shares dropped 5.4% to $76.65, nearing the $67.50 collar floor that would freeze Iridium's exchange ratio at 0.4000 and potentially cut the deal value.
Rocket Lab Nears Deal Collar as Iridium Merger Focuses on VWAP
Rocket Lab premarket at $100.46, Iridium at $53.75, just under $54 deal price. Merger terms depend on RKLB VWAP within the collar. Iridium's $871.7M revenue could transform Rocket Lab's financials.
SpaceX's SPCX Sees $8.3 Billion Index Influx as Float Stays Tight
SpaceX (SPCX) is set for $8.3 billion in index demand from Nasdaq-100 and Russell rebalancing, with shares up 7.15% to $164.19. The stock remains 27% below its peak as analysts warn of overvaluation.
Rocket Lab Surges $8 Billion on Iridium Deal, Cash Flow Boost
Rocket Lab shares surged 15.9% in premarket trading, adding $8.1 billion in market cap after announcing the acquisition of Iridium Communications for $8 billion.
Iridium Trades Above Rocket Lab Bid as Collar Narrows Spread
Iridium shares trade $0.59 above Rocket Lab's $54 offer, signaling market confidence in the deal despite a long path to close.
Satellite Stocks Surge on Iridium Acquisition and Analyst Upgrade
Viasat shares soared 23.8% on Monday following a bullish analyst initiation and a major sector deal, highlighting the growing value of satellite spectrum and networks.
Rocket Lab's $8B Iridium Deal Puts Spotlight on Space Stocks' Cash Flow
Rocket Lab's $8 billion acquisition of Iridium shifts investor focus to cash-flow metrics in space stocks, as the sector rallies amid SpaceX's Nasdaq-100 inclusion.
Rocket Lab Acquires Iridium in $8 Billion Cash-and-Stock Deal
Rocket Lab (RKLB) to acquire Iridium (IRDM) for $8 billion in cash and stock, gaining a profitable satellite network and spectrum. Iridium shareholders to receive $54 per share.
Iridium Shares Jump on Rocket Lab Deal, Spread Narrows to 2.7%
Iridium shares surged 20.77% in pre-market trading Monday, trading at $52.56, still below Rocket Lab's $54 per share offer, with the deal spread narrowing to 2.7%.
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
Defense Stocks Rally Ahead of Holiday; AST SpaceMobile Unveils $1B Financing
U.S. defense and space equities advanced Friday, led by Lockheed Martin and Huntington Ingalls, while AST SpaceMobile announced a major $1 billion financing initiative. Markets are closed Monday for the Presidents Day holiday.