WS #11010

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Rocket Lab to acquire Iridium for $54/share in cash and stock, creating a vertically integrated space company; RKLB +9%, IRDM +21%. Oil prices rose 2% on renewed US-Iran strikes, but peace talks and easing gas prices capped gains.

Rocket Lab acquires Iridium for $8B

Rocket Lab to acquire Iridium for $54/share in cash and stock, creating a vertically integrated space company; RKLB +9%, IRDM +21%.

Oil prices rose 2% on renewed US-Iran strikes, but peace talks and easing gas prices capped gains.

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