On June 30, Rocket Lab USA rose 3.5% in pre-market trading, trading at approximately $101.31/share, extending the prior session's strong momentum. The stock surged over 13% during the previous regular session and continued climbing in after-hours trading.

On the news front, Rocket Lab announced it has entered into a definitive agreement to acquire Iridium Communications in a cash-and-stock transaction valued at approximately $8 billion, offering $54 per share for all outstanding Iridium common stock. The deal aims to combine Rocket Lab's rocket launch and satellite manufacturing capabilities with Iridium's global satellite communications network, L-band spectrum assets, and ecosystem of over 500 partners to create a vertically integrated aerospace enterprise. To finance the transaction, Rocket Lab has secured $3.6 billion in 364-day senior secured bridge term loan commitments from Deutsche Bank and Wells Fargo, with the remainder funded through balance sheet cash and other debt and equity sources. The transaction is expected to close by mid-2027.

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