IRDM

Big investors just put a pile of money into Jeff Bezos' rocket company. Shouldn't that be good for space stocks?

BALA CYNWYD, Pa., July 06, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

MCLEAN, Va., July 6, 2026 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced today that it has completed its acquisition of Aireon LLC, operator of the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system.

Rocket Lab's $8 billion Iridium acquisition transforms its model into vertically integrated space infrastructure with recurring high-margin cash flows. Iridium contributes approximately $875 million in revenue and $495 million in OEBITDA, significantly improving Rocket Lab's earnings stability profile. Management guides toward $914 million in 2026 revenue and roughly $2 billion by 2029 with a delayed EBITDA inflection.

Rocket Lab acquires Iridium, aiming for vertical integration and entry into the satellite communications application layer. A pivotal move to hedge against existential risk. RKLB gains access to Iridium's L-band spectrum, positioning itself to compete more effectively in a rapidly evolving market. It opens up the application game. Despite IRDM's modest growth, the acquisition is seen as existential for RKLB, while providing proven EBITDA profitability and application optionality.

BALA CYNWYD, Pa., June 30, 2026 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

RKLB's planned Iridium acquisition would create a global satellite network, L-band spectrum and subscription revenue, reshaping its space business if approved.

Iridium (IRDM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Rocket Lab (RKLB) acquires Iridium in an $8B deal, completing a three-pillar strategy: launch services, space systems, and space-based connectivity. This transformative acquisition brings 2.5M subscribers, global L-band spectrum, and 66 LEO satellites, enabling integrated constellation deployment and recurring revenues. RKLB's valuation profile improves with Iridium's $883M-$916M annual sales and $483M-$500M EBITDA, accelerating positive free cash flow and EBITDA timelines.

Space and terrestrial communications are converging. Iridium's spectrum and technology are in high demand.