IRDM is turning strong free cash flow into growth, funding IoT, PNT, aviation and government expansion while boosting dividends and cutting leverage.
Iridium (IRDM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
RKLB's planned Iridium acquisition would create a global satellite network, L-band spectrum and subscription revenue, reshaping its space business if approved.
Wall Street likes Rocket Lab's decision to buy Iridium Communications.
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 is buying Iridium Communications in an $8 billion cash-and-stock deal – equipping the rocket maker with a global satellite network and wireless spectrum that could help it compete with Elon Musk's SpaceX.
Rocket Lab and Iridium Communications plan to combine—and both companies' shareholders like the deal.
Launch company Rocket Lab is buying satellite operator Iridium, putting it in a position to become a more full-fledged space services company, and continuing a wave of consolidation in the industry.
Space stocks are catching a bid Monday morning after Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) unveiled a definitive agreement to acquire Iridium Communications (NASDAQ:IRDM) in a cash-and-stock deal carrying an enterprise value of approximately $8 billion.
The deal would give Rocket Lab control over a satellite fleet and access to wireless resources it could use to compete with SpaceX.
Rocket Lab stock advances after the company announces a deal to buy Iridium Communications.
Iridium launches the 9604 Hybrid IoT Module, blending satellite, LTE-M and GNSS connectivity in a compact design built for remote deployments.