On July 2, Rocket Lab USA rose 3.58% in regular trading, trading at $104.4/share, with turnover of $253 million. The stock continues to gain momentum from its landmark acquisition announcement and a recent analyst upgrade.

On the news front, Rocket Lab previously announced a definitive agreement to acquire all outstanding shares of Iridium Communications at $54 per share in a cash-and-stock transaction valued at approximately $8 billion. The deal aims to integrate Rocket Lab's rocket launch and satellite manufacturing capabilities with Iridium's global L-band satellite network, proprietary spectrum resources, and ecosystem of over 500 partners, creating a vertically integrated aerospace enterprise. The transaction is expected to close by mid-2027, with Deutsche Bank and Wells Fargo providing a $3.6 billion 364-day senior secured bridge term loan commitment. Additionally, Bank of America Global Research recently raised its target price on Rocket Lab from $105 to $115, further reinforcing market confidence in the company's long-term growth trajectory.

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