On June 30, Rocket Lab USA rose 3.07% overnight, trading at $101.02/share, extending the strong momentum from the prior regular session where the stock surged over 13%.

On the news front, Rocket Lab announced 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 communication network, L-band spectrum assets, and an ecosystem of over 500 partners, creating a fully vertically integrated aerospace enterprise positioned to compete with SpaceX.

To finance the acquisition, Rocket Lab has secured a $3.6 billion 364-day senior secured bridge term loan commitment from Deutsche Bank and Wells Fargo, with the remaining cash portion to be funded through balance sheet cash and other debt and equity financing. The transaction is expected to close by mid-2027. The announcement also lifted the broader space sector, with AST SpaceMobile rising over 9% and Planet Labs gaining nearly 11% during the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)