#rklb

Rocket Lab $RKLB agreed to acquire Iridium $IRDM for about $8.0B in enterprise value, with $54 per share split between $27 cash and $27 stock. The offer represented a 24% premium to Iridium’s prior close.

Rocket Lab's stock rose 34% on May 8 — its best day on record — after Q1 revenue of $200.4 million beat FactSet estimates across both segments and the company unveiled its largest launch contract ever. Backlog more than doubled year-over-year to $2.2 billion, and Q2 guidance of $225M–$240M surpassed the LSEG consensus by roughly 14%. SpaceX IPO anticipation and defense tailwinds are repricing the entire space sector.